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Hanover CDP, VA

ZIP 23069 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23069

Median Home Value
$338,500
Median Rent
$1,292
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,174/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23069 in Hanover CDP, VA, a household would need roughly $93,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,174. That is roughly in line with the local median household income ($81,667). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
11.2%+8% vs US avg
x
Broadband Access
74.8%-14% vs US avg
x
4+ Bedrooms
8.6%-42% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
2.3%-66% vs US avg
x
Rent Burden >30%
13.3%-73% vs US avg
x
Mortgage-Free
35.8%-6% vs US avg
x
$338,500
Home Value
$1,292
Rent
1986
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached95.5%
  • 1-unit attached1.0%
  • 2-9 units0.4%
  • 10+ units0.4%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$338,500
Median rent$1,292
Owner-occupied90.5%
Vacant11.2%
Price-to-income4.1x
Est. income to buy$93,000