23069 — Hanover County, Virginia Market Snapshot
Housing market data for zip code 23069 in Hanover County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$428,450
Days to Sell
10
Homes Sold
10
Inventory
6
Sale-to-List
101.2%
New Listings
17
Price/SqFt
$247
Pending Sales
16
Conforming Loan Available
Most homebuyers in 23069 can comfortably use conventional financing. The median home price of $428,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
23069 is an extremely competitive market with homes selling in just 10 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 23069 (101.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23069 can comfortably use conventional financing. The median home price of $428,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23069 are set at the county level.
2026 Loan Limits — Hanover County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $707,250 |
| 2 Units | $1,066,250 | $905,400 |
| 3 Units | $1,288,800 | $1,094,450 |
| 4 Units | $1,601,750 | $1,360,100 |
Affordability Snapshot — Zip 23069
To purchase the median home at $428,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,433.
Monthly Payment
$3,433
Income Required
$147,113
Principal & Interest
$2,640/mo
Down Payment (5%)
$21,423
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23069.
Estimated Monthly Payment
$2,802
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