Median Home Value
$400,400
Median Gross Rent
$1,591/mo
Homeownership Rate
82.1%
Rent as Share of Income
16.9%
Vacancy Rate
4.3%
Median Year Built
1991
Home Price Index (FHFA)
Home prices in Hanover County have risen 382% since 1985, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$1,442
1 Bedroom
$1,507
2 Bedroom
$1,655
3 Bedroom
$2,072
4 Bedroom
$2,553
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.