Updated
Real Estate Investing in Hanover County, VA
Hanover County, VA real estate market data — demographics, home values, and investor context.
111,652
Population
$109,504
Median Income
$372,700
Median Home Value
83%
Owner-Occupied
Hanover County, VA Demographics
US Census ACS 5-year estimates. Demographic context drives rent, home value, and absentee-ownership patterns — here's what the numbers say about Hanover County, VA.
| Population | 111,652 |
|---|---|
| Median age | 42.3 |
| Median household income | $109,504 |
| Median home value | $372,700 |
| Median gross rent | $1,496 |
|---|---|
| Rent burden | 27.9% |
| Owner-occupied units | 34,790 |
| Renter-occupied units | 7,222 |
Why Investors Target Hanover County, VA
Hanover County, VA is home to 111,652 residents with a median age of 42.3 years. Households earn a median income of $109,504, against a median home value of $372,700 and a median gross rent of $1,496. Roughly 83% of occupied homes are owner-occupied, with the remainder rented — a key signal for absentee-owner and rental investors. Renters here spend a median of 27.9% of household income on gross rent.
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