The housing market in Hanover, VA is booming. The median value of a house in the area is $350,100, which is higher than the US House Median Value of $338,100. Furthermore, the 1 year house appreciation rate in Hanover, VA is 13.79%, which is significantly higher than the US average of 8.27%. This indicates that now would be an excellent time to invest in property in Hanover as the market looks to continue to rise.
The median home cost in Hanover is $350,100. Home appreciation the last 10 years has been 64.6%. Home Appreciation in Hanover is up 13.8%.
Average Age of Homes
- The median age of Hanover real estate is 59 years old
The Rental Market in Hanover
- Renters make up 30.4% of the Hanover population
- 0.0% of houses and apartments in Hanover, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.