Real Estate Market Update for Hanover County, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 20% from one year earlier, and down 4% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 290-thousand dollars. The number of units sold increased 4% year-over-year, and increased 28% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Hanover County, VA

Area Information for Hanover County, VA
  • Population: 108,396
  • Median Age: 43.31 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 231/sq mi
  • Population Change Since 2000: 25.56%
  • Closest Airport: Richmond International
  • Closest College: Randolph Macon College
  • Closest Jr. College: J Sargeant Reynolds Community College
  • Median Household Income: $80,457
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $325,090
  • Closest Major Sports Team: Richmond Flying Squirrels (aaa)
  • Change Avg. Household Income Since 2000: 38.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Hanover County, VA
Median Age: 43.31 Married: 49% Number of Households: 39,807 Households with Children: 12,483
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Hanover County, VA

      School Name Distance Type Grades School Rating Parent Rating
      Patrick Henry High School 2.9 mi Public 9-12 2 3
      Liberty Middle School 3.2 mi Public 6-8 2 0
      John M Gandy Elementary School 3.5 mi Public 3-5 2 0
      Hanover Academy 4.4 mi Private PRESCHOOL-8 0 0
      Henry Clay Elementary 4.5 mi Public PRESCHOOL-2 0 0
      Elmont Elementary School 7.3 mi Public PRESCHOOL-5 2 0
      Primrose School Of Atlee Commons 9.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      The Goddard School Ashland 9.2 mi Private PRESCHOOL-5 0 0
      Angeldeer Learning Center 9.2 mi Private PRESCHOOL-K 0 0
      South Anna Elementary School 9.8 mi Public PRESCHOOL-5 3 0
      The Georgetown School 10.5 mi Public 6-12 0 0
      The Hanover Center For Trades And Tech 10.5 mi Public 9-12 0 0
      Kersey Creek Elementary School 10.5 mi Public K-5 4 0
      Hanover High School 11.0 mi Public 9-12 4 2
      Oak Knoll Middle School 11.1 mi Public 6-8 5 0
      Beaverdam Elementary School 11.2 mi Public K-5 3 0
      Cool Spring Elementary School 11.3 mi Public K-5 5 0
      Pearson's Corner Elementary School 11.4 mi Public K-5 5 0
      New Hanover Christian School 11.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Chickahominy Middle School 12.6 mi Public 6-8 4 0
      Atlee High School 12.7 mi Public 9-12 5 4
      Washington Henry Elementary School 13.5 mi Public K-5 4 0
      Rural Point Elementary School 13.6 mi Public PRESCHOOL-5 5 0
      Atlee Christian Academy 14.0 mi Private PRESCHOOL-5 0 0
      Grace Christian School 15.2 mi Private 6-12 0 0
      Laurel Meadow Elementary School 15.7 mi Public PRESCHOOL-5 3 0
      Mechanicsville Elementary 15.8 mi Public PRESCHOOL-5 3 0
      Pole Green Elementary School 16.1 mi Public PRESCHOOL-5 4 0
      The Goddard School - Mechanicsville 16.3 mi Private PRESCHOOL-5 0 0
      Stonewall Jackson Middle School 16.3 mi Public 6-8 4 0
      Lee Davis High School 16.7 mi Public 9-12 3 4
      Liberty Christian School 17.0 mi Private PRESCHOOL-K 0 0
      Battlefield Park Elementary 17.2 mi Public PRESCHOOL-5 4 0
      Cold Harbor Elementary 18.5 mi Public K-5 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Hanover County, VA
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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