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.
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:
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.