Real Estate Price Maphome prices by county

Hanover County, VA home prices

Hanover County, VA: the typical home is worth $460,198 as of 2026-05, up +3.5% over the past year and +169.6% since 2000. Listings run about $253/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Hanover County is cooling and fairly valued — very affordable for what people here earn.

Momentum+3.5%Cooling
Valuation+8%Fair value
Affordability8/10Very affordable
Market50 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1985: $89,820 → 2026: $460,198 (5.1×) pre-2000 estimated via FHFA index

Typical value$460,1982026-05
1-year+3.5%
5-year+29.3%
10-year+68.5%
Since 2000+169.6%
Population115k2024
Median income$111,4852023 · 4.1× income
Median rent$2,094/mo2026 · 5.5% gross yield
New homes/yr4472024
Price / sq ft$253listings
Days on market502026-06
Active listings2792026-06
Price cuts11%of listings

Market read

At $460,198, homes in Hanover County sit 49% above the Virginia median ($309,032) and 97% above the US median ($233,954). That ranks #25 of 133 Virginia counties by price.

Prices are holding steady (+3.5% in the last year) — a balanced market.

Homes here move at a steady pace — a median 50 days on the market, with 11% of listings cutting their asking price.

At 4.1× local income, that's pricier than the typical US county (~3.8×).

Prices here sit roughly in line with what local incomes and rents imply at the typical US multiple.

Rent and buy are close — ~$2,272/mo to buy (P&I, 20% down) vs $2,094/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Richmond City, VA ($373,810) · Caroline County, VA ($363,916) · King William County, VA ($355,967) · Goochland County, VA ($586,854) · Henrico County, VA ($403,776) · Chesterfield County, VA ($415,791)

Frequently asked questions

What is the average home price in Hanover County, VA?
The typical home in Hanover County is worth $460,198 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Hanover County rising or falling?
Prices are up +3.5% over the past year and +169.6% since 2000 — a balanced market.
Is Hanover County affordable?
At 4.1× the local median income of $111,485, Hanover County is pricier than the typical US county.
What is the rental yield in Hanover County?
Median rent is $2,094/mo — a gross rental yield of 5.5% on the typical home.
How fast do homes sell in Hanover County?
Homes here take a median of 50 days to sell, with 11% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$170,711
2001$178,668
2002$183,502
2003$194,222
2004$208,458
2005$232,851
2006$265,876
2007$289,904
2008$290,049
2009$277,091
2010$256,042
2011$245,062
2012$227,172
2013$241,447
2014$250,225
2015$257,574
2016$270,260
2017$280,508
2018$292,480
2019$302,341
2020$315,003
2021$339,998
2022$368,075
2023$396,218
2024$425,032
2025$445,558
2026$456,375