23069 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Hanover County
Centroid: Latitude 37.781, Longitude -77.31
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 23069 has segments in 3 Counties / Independent Cities (Caroline, Hanover, King William).

Businesses Addresses: 96
PO Box Addresses: 151
Residential Addresses: 1,257

Multi-Family Addresses: 0
Single Family Addresses: 1,257

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Hanover, VA 23069 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	4,343 (100%)
Population in Households	3,804 (87.6%)
Population in Families	3,267 (75.2%)
Population in Group Quarters¹	539 (12.4%)
Population Density	69
Diversity Index²	47


INCOME
Median Household Income	$82,028
Average Household Income	$102,832
% of Income for Mortgage⁴	15%
Per Capita Income	$33,806
Wealth Index⁵	143

HOUSING
Total HU (Housing Units)	1,548 (100%)
Owner Occupied HU	1,212 (78.3%)
Renter Occupied HU	209 (13.5%)
Vacant Housing Units	127 ( 8.2%)
Median Home Value	$292,093
Average Home Value	$344,719
Housing Affordability Index³	181

HOUSEHOLDS
Total Households	1,421
Average Household Size	2.68
Family Households	1,052
Average Family Size	3

NOTES

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.
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.
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 % 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).
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, VA 23069 - Peer Comparisons by Rank and Percentile

The table below compares 23069 to the other 865 ZIP Codes 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.85%	1.03%
Households	0.93%	1.18%
Families	0.82%	1.12%
Median Household Income		1.14%
Per Capita Income		1.8%
Owner Occupied HU		1.21%

Variable Description	Rank	Percentile
Total Population	# 386	55th
Population Density	# 480	45th
Median Household Income	# 171	80th
Housing Affordability Index	# 510	59th
Per Capita Income	# 290	67th
Diversity Index	# 361	58th

Hanover, VA 23069 ZIP Code Profile

ZIP Code 23069: Basic Data & USPS Preferred City Name

Hanover, VA 23069 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hanover, VA 23069 - Peer Comparisons by Rank and Percentile

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