C-

Hanover, VA

Source:

Affordability Score: 53/100

Population: 3,197 · 1 ZIP codes

The affordability dashboard for Hanover, VA aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 3,197 residents, then layers in county-level federal data to produce an overall grade of C- (53/100). The headline inputs are median household income of $83,453, median home value of $356,400, median rent of $1,328 per month, and 26.3% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,655 per month (studio $1,442, 1BR $1,507, 3BR $2,072, 4BR $2,553). Department of Labor data lists infant center-based childcare at $12,630 per year, consuming 15% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Pressure points are housing. Unemployment currently reads 3.5% and poverty 6.2% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income B
$83,453
Median household income
Education D
26.3%
Bachelor's degree or higher
Housing F
4.3x
Home value $356,400 vs income
Commute D
28 min
Average commute time
Rent B-
$1,655/mo
2BR fair market rent (24% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare D
$12,630/yr
Center-based infant care (15% of income)

Income & Employment

Median Income
$83,453
▲ 35% vs national
Per Capita Income
$38,769
Unemployment Rate
3.5%
Poverty Rate
6.2%

Housing

Median Home Value
$356,400
▲ 30% vs national
Median Rent
$1,328/mo
Owner Occupied
90.6%
2BR Fair Market Rent
$1,655/mo
▲ 38% vs national

Fair Market Rents by Bedroom

Studio
$1,442
1BR
$1,507
2BR
$1,655
3BR
$2,072
4BR
$2,553

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
26.3%
▼ 4 ppt vs national
High School+
60.0%
Median Age
46.5
Avg. Commute
28 min
▲ 2 min vs national

Childcare Costs

Infant (Center)
$12,630/yr
15% of income
Toddler (Center)
$10,210/yr
Preschool (Center)
$9,996/yr
School-Age (Center)
$8,584/yr

What This Means

Hanover, VA receives an overall affordability grade of C- (53/100), aggregated from 1 ZIP codes with a total population of 3,197. Challenges include housing. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Hanover ZIP Codes
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What are common questions about this dashboard?

Is Hanover, VA affordable?
Hanover, VA receives an overall affordability grade of C- (53/100) based on Census, HUD, FBI, and DOL data. Median household income is $83,453. Median home value is $356,400.
What is the cost of living in Hanover?
Key cost metrics: Median rent $1,328/mo. 2BR fair market rent $1,655/mo. Infant childcare $12,630/yr. Median home value $356,400.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →