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Hanover County

Learn about the people, housing, costs and businesses in Hanover County County

Median Home$402,791
Median Rent$1,743/month
Population112,879
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation14% healthcare
Home Value Growth⬆⬆+19.2% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableHigh Incomes$115k/year · top 3% nationally
NotableHighly Educated27% bachelor's · 12% graduate · top 5% nationally
Hanover County
VA

Frequently Asked Questions

What are today's mortgage rates in Hanover County?

As of today, the 30-year fixed mortgage rate for Hanover County is approximately 6.948% (6.972% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Hanover County
What is the median home price in Hanover County?

The median home value in Hanover County is $403k. The median monthly rent is $1,743. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hanover County?

Home values in Hanover County have increased 19.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hanover County?

Based on a typical all-in ownership cost of $1,622/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hanover County is $115k/year.

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What industries drive the economy in Hanover County?

The largest employment sectors in Hanover County are public administration (24%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas