Hanover, VA housing market
The typical Hanover home is worth about $434,000, up 5% in a year, close to the Virginia typical home.
Home values, sales, trends and how Hanover compares with the towns next door — updated as new data is published.
Hanover at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Hanover | Virginia |
|---|---|---|
| 2017 | $263,000 | $253,000 |
| 2018 | $277,000 | $263,000 |
| 2019 | $284,000 | $271,000 |
| 2020 | $297,000 | $284,000 |
| 2021 | $327,000 | $311,000 |
| 2022 | $348,000 | $345,000 |
| 2023 | $375,000 | $367,000 |
| 2024 | $396,000 | $386,000 |
| 2025 | $418,000 | $405,000 |
| 2026 | $423,000 | $411,000 |
| August 2026 | $434,000 | $415,000 |
A two-bedroom rents for about $1,760
HUD's Fair Market Rent for a two-bedroom in Hanover is $1,760 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,480 · 4 bedrooms $2,760
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23069; Richmond, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Hanover
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.