Affordable
Expensive
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These days, finding an affordable place to live in the Hanover County area can be challenging. Home prices in Hanover County are now at a median cost of $407,364, lower than the Virginia average of $443,089.
The average cost of rent is $1,773/mo in Hanover County, primarily driven by the current value of real estate in the Hanover County area. In Hanover County, 17.88% of households rent, and 31.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanover County is $9,688 per month. Households that rent pay about 18.30% of their income on rent here. Hanover County’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Henrico County, VA: equally priced homes
- Richmond City, VA: equally priced homes
- King William County, VA: less expensive homes
- Goochland County, VA: higher priced homes
- Powhatan County, VA: equally priced homes
- King and Queen County, VA: less expensive homes
- Middlesex County, VA: less expensive homes
- Lancaster County, VA: less expensive homes
- Buckingham County, VA: less expensive homes
- Amherst County, VA: less expensive homes
Counties with Similar Populations
- Cowlitz County, WA: equally priced homes
- Sheboygan County, WI: less expensive homes
- Flagler County, FL: equally priced homes
- Fayette County, GA: higher priced homes
- Oswego County, NY: less expensive homes
- Eau Claire County, WI: less expensive homes
- Eaton County, MI: less expensive homes
- Douglas County, OR: less expensive homes
- Douglas County, KS: less expensive homes
- Delaware County, IN: less expensive homes
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