What the Pros Know

114,148

Population

1.1% YoY

2023

41.1

Median Age

2.4% YoY

2022

$104,678

Median Household Income

8% YoY

2022

63,683

Labor Force

0.7% MoM

0.6% YoY

7/2025

61,670

Employed

1% MoM

0.3% YoY

7/2025

3.2%

Unemployment Rate

5.9% MoM

14.3% YoY

7/2025

$480,000

Median Sale Price

7.8% MoM

10.3% YoY

8/2025

132

Homes Sold

20.0% MoM

16.8% YoY

8/2025

1.7

Months Inventory

1.1% MoM

6.3% YoY

8/2025

21

Days on Market

2 MoM

2 YoY

8/2025

225

Listings

0.9% MoM

3.4% YoY

8/2025

221

Price per Sq Ft

3.8% MoM

1.6% YoY

8/2025

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Cities included in Hanover County: Mechanicsville, Ashland, Hanover


Zip Codes included in Hanover County: [Click for zip code level data] 23005, 23015, 23047, 23059, 23069, 23111, 23116, 23146, 23192


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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