housing costs · Virginia
Housing costs in Hanover County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,591 | ± $63 | evidence → |
| 2019–2023 | $1,496 | ± $84 | evidence → |
| 2018–2022 | $1,392 | ± $61 | evidence → |
| 2017–2021 | $1,260 | ± $48 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $400,400 | ± $7,997 | evidence → |
| 2019–2023 | $372,700 | ± $7,187 | evidence → |
| 2018–2022 | $347,900 | ± $5,975 | evidence → |
| 2017–2021 | $304,700 | ± $6,683 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 27.7 % | ± 2.1 % | evidence → |
| 2019–2023 | 27.9 % | ± 1.9 % | evidence → |
| 2018–2022 | 27.6 % | ± 2.4 % | evidence → |
| 2017–2021 | 27.2 % | ± 2.4 % | evidence → |
In context
Median rent in Hanover County is $1,591, above the Virginia median of $1,059 across 133 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.