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Hanover, VA Profile: Facts & Data

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Hanover, Virginia - Basic Facts

The Hanover Census Designated Place had a population of 269 as of July 1, 2020. Hanover ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia. See peer rankings below.

The primary coordinate point for Hanover is located at latitude 37.7665 and longitude -77.3703 in Hanover County. The formal boundaries for the Hanover Census Designated Place encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Hanover County is in the Eastern time zone (GMT -5). The elevation is 105 feet.

The Hanover Census Designated Place (GNIS ID: 2629025) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Alternate Unofficial Names for Hanover: Hanover Court House, Hanover Town.

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Hanover, VA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 269 (100%)
Population in Households 243 (90.3%)
Population in Families 210 (78.1%)
Population in Group Quarters1 26 ( 9.7%)
Population Density 227
Diversity Index2 42
 
 

INCOME

Median Household Income $105,046
Average Household Income $123,638
% of Income for Mortgage4 15%
Per Capita Income $43,540
Wealth Index5 199
 

HOUSING

Total HU (Housing Units) 123 (100%)
Owner Occupied HU 96 (78.0%)
Renter Occupied HU 14 (11.4%)
Vacant Housing Units 13 (10.6%)
Median Home Value $363,636
Average Home Value $404,688
Housing Affordability Index3 191
 

HOUSEHOLDS

Total Households 110
Average Household Size 2.21
Family Households 83
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. 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.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.64% 2.14%
Households 0.36% 2.26%
Families 2.26% 2.08%
Median Household Income   0.48%
Per Capita Income   1.45%
Owner Occupied HU   2.19%

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Hanover, VA - Peer Comparisons by Rank and Percentile

The table below compares Hanover to the other 593 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2020 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.

Variable Description Rank Percentile
Total Population # 511 14th
Population Density # 472 21st
Median Household Income # 93 84th
Housing Affordability Index # 400 67th
Per Capita Income # 116 81st
Diversity Index # 342 42nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Virginia Census Data Comparison Tool.

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