Housing in Hanover County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Hanover County averages $1,591/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 28% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Hanover County FMR Area are $1,571 for a studio, $1,643 for 1‑bedroom, $1,804 for 2‑bedroom, $2,259 for 3‑bedroom, and $2,783 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $213 increase for a 2-bedroom in Hanover County shows a 13% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Hanover County was 2.5% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.

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Towns near Ashland

City
County
State
Miles
Hanover
VA
0.0
Henrico
VA
5.9
Henrico
VA
8.5
Hanover
VA
9.9
Hanover
VA
10.8
Henrico
VA
10.9
Hanover
VA
11.7
Hanover
VA
17.5
Goochland
VA
20.2
Hanover
VA
21.0
Hanover
VA
23.3
Hanover
VA
24.8
Goochland
VA
25.0
Goochland
VA
25.2
Goochland
VA
27.5
Louisa
VA
31.2
Goochland
VA
34.5
Goochland
VA
34.7
Goochland
VA
38.0
Goochland
VA
38.1
Louisa
VA
39.0
Louisa
VA
41.9
Louisa
VA
46.3
Goochland
VA
46.3

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