23860 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hopewell City County
Centroid: Latitude 37.286, Longitude -77.289
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 23860 has segments in 2 Counties / Independent Cities (Hopewell City, Prince George).

Businesses Addresses: 803
PO Box Addresses: 381
Residential Addresses: 12,113

Multi-Family Addresses: 554
Single Family Addresses: 11,559

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Hopewell, VA 23860 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	32,166 (100%)
Population in Households	28,002 (87.1%)
Population in Families	21,992 (68.4%)
Population in Group Quarters¹	4,164 (12.9%)
Population Density	752
Diversity Index²	67


INCOME
Median Household Income	$55,942
Average Household Income	$72,689
% of Income for Mortgage⁴	23%
Per Capita Income	$26,601
Wealth Index⁵	53
Socioeconomic Status Index⁶	Low (43.1)

HOUSING
Total HU (Housing Units)	12,634 (100%)
Owner Occupied HU	6,578 (52.1%)
Renter Occupied HU	4,869 (38.5%)
Vacant Housing Units	1,187 ( 9.4%)
Median Home Value	$203,547
Average Home Value	$222,682
Housing Affordability Index³	108

HOUSEHOLDS
Total Households	11,447
Average Household Size	2.45
Family Households	7,096
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Hopewell, VA 23860 - Peer Comparisons by Rank and Percentile

The table below compares 23860 to the other 871 ZIP Codes in Virginia by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.00%	-0.05%
Households	0.16%	0.16%
Families		0.10%
Median Household Income		1.45%
Per Capita Income		2.56%
Owner Occupied HU		0.96%

Variable Description	Rank	Percentile
Total Population	# 89	90th
Population Density	# 191	78th
Median Household Income	# 584	33rd
Housing Affordability Index	# 615	71st
Per Capita Income	# 731	16th
Diversity Index	# 139	84th

23860 ZIP Code Profile, Map, Data & Demographics

ZIP Code 23860: Basic Data & USPS Preferred City Name

Hopewell, VA 23860 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hopewell, VA 23860 - Peer Comparisons by Rank and Percentile

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