Hanover County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Hanover County VA Housing Affordability Index is 156 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Hanover County VA Wealth Index is 152 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	111,557
Population in Households	109,533
Population in Familes	95,519
Population in Group Qrtrs	2,024
Population Density	238
Diversity Index¹	32

INCOME
Median Household Income	$89,680
Average Household Income	$110,269
Per Capita Income	$40,793
Wealth Index³	152

HOUSING
Total Housing Units	42,928 (100%)
Owner Occupied HU	32,917 (76.7%)
Renter Occupied HU	8,097 (18.9%)
Vacant Housing Units	1,914 ( 4.5%)
Median Home Value	$287,765
Housing Affordability Index²	156

HOUSEHOLDS
Total Households	41,014
Average Household Size	2.67
Family Households	31,219
Average Family Size	3

NOTES

The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Hanover County VA - Peer Comparisons by Rank and Percentile

The table below compares Hanover County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	1.2%	1.09%
Households	1.24%	1.12%
Families	1.17%	1.06%
Median Household Income		1.65%
Per Capita Income		2.17%

Variable Description	Rank	Percentile
Total Population	# 16	89th
Population Density	# 51	62nd
Diversity Index	# 89	34th
Median Household Income	# 13	91st
Per Capita Income	# 15	89th

Hanover County VA Information

Hanover County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hanover County VA - Peer Comparisons by Rank and Percentile

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