Is Hanover, VA a good place to invest in rental property?

Hanover, VA has a median modeled monthly cash flow of $-2,330 and a median cap rate of 1.6%, on a median sold price of $375,000. Prices changed +5.0% year over year.

What is the average cap rate in Hanover, VA?

The median cap rate across recently sold homes in Hanover, VA is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hanover, VA?

The median sold price in Hanover, VA is $375,000 (about $243 per square foot).

Investing in Hanover, VA Real Estate

A data-driven snapshot of the Hanover, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$375,000Median sold price

$243Median $/sqft

1.6%Median cap rate

$-2,330Modeled cash flow / mo

+5.0%Appreciation YoY

7.5Months of supply

38Active listings

61Sold (last 12 mo)

What the Hanover numbers say

In Hanover, VA, the median home sold for $375,000 (about $243 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-2,330 of monthly cash flow. Sold prices moved +5.0% over the past year. Inventory sits at about 7.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Hanover cash-flowing listings

CashFlowRE ranks every for-sale home in Hanover, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hanover deals, or browse the national market data.