January's First-Time Homebuyer Report for Hanover County

The population of Hanover County is very affluent compared to others in Virginia with a median income of $77,277 per household. It's also considered an expensive county in terms of affordability with a cost of living adjustment score of 111.6. Its two largest cities are Mechanicsville and Ashland. Hanover County is made up of homes that are considered of moderate age with a median of 24 years. Leading the list of top schools in the county are Chickahominy Middle School and Deep Run High School.

Price Range

The median value of homes in Hanover County is $203,400, making it one of the most valuable areas in Virginia. At the same time, the average list price of available homes is presently $348,273. The Hanover County remained below its 12-month average sales volume this week as sales fell 9.8% to hit 101 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Hanover County? These listings have stirred up interest and produced the most views:

$265K   $485K   $472K  

Typical Dwelling

The typical dwelling in Hanover County is a four-bedroom detached home worth about $339,006. To purchase a similar home, a buyer with good credit and a $67,801 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,134 monthly payment. The property tax rate is $6.41 per $1,000 of taxable assessed value.

Get started right now by checking out Hanover County homes for sale or reviewing Hanover County real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Joyner Fine Properties
Snapped 5 homes in this area
Joyner Fine Properties
Snapped 3 homes in this area
ZipRealty, Inc.
Snapped 3 homes in this area

Agents that specialize in this area
1 snap in this area
1 snap in this area
1 snap in this area
2 snaps in this area
2 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.