Home Price Key
Affordable
Average
Expensive
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 $321,398, lower than the Virginia average of $323,261.
The average cost of rent is $1,358/mo in Hanover County, primarily driven by the current value of real estate in the Hanover County area. While nearly 31.57% of residents own their homes outright in Hanover County, 15.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover County is $8,426 per month. Households that rent pay about 16.11% of their income on rent here. Hanover County's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the county.
Nearby Counties
- Henrico County, VA: equally priced homes
- Richmond City, VA: less expensive 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: less expensive homes
- Sheboygan County, WI: less expensive homes
- Flagler County, FL: equally priced homes
- Fayette County, GA: equally 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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