The median home in Hanover, Virginia is valued at $408,439, up 1.3% year over year. Hanover is part of the Richmond, VA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Richmond, VA stress score, crash risk, and 12-month forecast →

Home Value$408,439

+1.3%

AFFORDABILITY

Enter your income for Hanover.

Income (annual)

Down Payment

$81,688 on $408,439

Out of reach — 39.6% of income

Need $106,200/yr to afford.

PITI$2,478

P/I39.6%

Afford$288K

Gap-$120K

P&I $2,065Tax $279Ins $133

6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Virginia

Compare Hanover with other housing markets across Virginia.

Great Falls$1629K McLean$1425K Waterford$1278K Dunn Loring$1188K Upperville$1141K Vienna$1132K Middleburg$1114K Aldie$1081K

Full Richmond, VA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Richmond, VA metro.

View Richmond, VA metro →

HANOVER, VA