Is Hanover County, VA good for real estate investing?

Hanover County has an investment score of 59/100, rated as "Hold". The county ranks #359 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Hanover?

The rent-to-price ratio in Hanover County is 5.20% annually, which ranks in the 31th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Hanover?

The median home price in Hanover County is $443,774. This ranks #875 in affordability among all US counties.

Can you cash flow on rental properties in Hanover?

Based on median values with 20% down at current rates, a typical rental in Hanover County would generate negative cash flow of $1,076/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Hanover County

VirginiaPopulation: 110,513

/100

Hold

#359 of 1,000 counties

#64 in Virginia (133 counties)

Market Snapshot

$443,774

Median Home Price

90% above national median

$1,924/mo

Median Rent

27% above national median

5.20%

Rent-to-Price Ratio

Top 69% nationally

-$1,076

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$443,774

Down Payment (20%)$88,755

Loan Amount$355,019

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,924

Monthly P&I-$2,326

Est. Expenses (35%)-$673

Net Cash Flow-$1,076/mo

3.4%

Cap Rate (all cash)

-12.7%

Cash-on-Cash Return

5.20%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.4% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

59/100

Cash Flow(30%)

48/100

Based on 5.20% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

76/100

Based on 2.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

66/100

Price-to-income ratio of 4.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Below-average rent-to-price ratio (5.20%)
-Negative cash flow at typical financing (-$1,076/mo)
-Negative leverage (cap rate 3.4% < mortgage rate 6.9%)

Economic Indicators

Population

110,513

Median Income

$104,678

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

4.2x

Moderately affordable

Compare to Nearby Counties

County					Verdict
CurrentHanoverVA	59	$443,774	$1,924	5.20%	Hold
Portsmouth CityVA	59	$255,109	$1,581	7.44%	Hold	View
FrederickVA	59	$419,936	$2,103	6.01%	Hold	View
Virginia Beach CityVA	59	$411,608	$1,999	5.83%	Hold	View
NelsonVA	58	$348,365	Est. pending	—	Hold	View
Winchester CityVA	58	$347,216	$1,600	5.53%	Hold	View

The Bottom Line

HoldHanover is a neutral market. Consider house hacking or targeting below-market deals.

Hanover County in Virginia scores 59/100, ranking #359 of 1,000 US counties (top 47%). The 5.20% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-1,076/mo

Cap Rate

3.4%

Cash-on-Cash

-12.7%

Ready to Analyze a Deal in Hanover?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$443,774

Down Payment (20%)$88,755

Loan Amount$355,019

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,924

Monthly P&I-$2,326

Est. Expenses (35%)-$673

Net Cash Flow-$1,076/mo

3.4%

Cap Rate (all cash)

-12.7%

Cash-on-Cash Return

5.20%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.4% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

59/100

Cash Flow(30%)

48/100

Based on 5.20% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

76/100

Based on 2.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

66/100

Price-to-income ratio of 4.2x. Lower ratios indicate more affordable markets.

Compare to Nearby Counties

County					Verdict
CurrentHanoverVA	59	$443,774	$1,924	5.20%	Hold
Portsmouth CityVA	59	$255,109	$1,581	7.44%	Hold	View
FrederickVA	59	$419,936	$2,103	6.01%	Hold	View
Virginia Beach CityVA	59	$411,608	$1,999	5.83%	Hold	View
NelsonVA	58	$348,365	Est. pending	—	Hold	View
Winchester CityVA	58	$347,216	$1,600	5.53%	Hold	View

The Bottom Line

HoldHanover is a neutral market. Consider house hacking or targeting below-market deals.

Monthly Cash Flow

$-1,076/mo

Cap Rate

3.4%

Cash-on-Cash

-12.7%