23069, Hanover, VA

Hanover, VA 23069 is located in the Northern Virginia region and has a population of over 100,000. The 23069 zip code has a median home value of $269,900 and a median household income of $87,500. Hanover is an affluent community with a high percentage of households earning over $100,000 annually.

Home equity is important to many homeowners in Hanover because it provides them with an asset that can provide them with financial stability in times of need. Home equity allows homeowners to borrow against their home's value and use the money to pay off other debts or invest in other assets. Home prices in Hanover have increased significantly over the past few years due to strong demand from buyers and limited supply. As a result, home values in the 23069 zip code are well above the national average.

While home prices in Hanover are high by regional standards, they are still affordable compared to other areas of Northern Virginia. In fact, according to Zillow's 2018 National Housing Survey, the median price for homes within 30 miles of Hanover is $328,900 while the median price for homes nationwide is $269,900. Additionally, according to Trulia's 2018 Cost Of Living Index rankings for cities across America's 50 states and Washington D.C., Hanover ranks as one of the least expensive cities in which to live overall (ranking #15 out of 50). This indicates that even if you cannot afford to purchase a home outright in Hanover, there are plenty of options available that will allow you to buy into this desirable community without breaking the bank.