Richmond, VA · Virginia
Hanover County
ZIP 23069
111,652 residents502 permits TTM$109,504 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$372,700
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.4%
HUD FMR ÷ ACS HHI
Net migration
+2.26%
IRS SOI
Permits (TTM)
502
Census BPS
Climate risk
53.5
FEMA NRI (0–100)
ZIP 23069
Median home value
—
Gross yield
—
Cap rate
4.5%
Rent gap
—
Affordability
P/I: 3.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 23111 | — | — | — | 6.8% | — |
| 23069 | — | — | — | 4.5% | — |
| 23047 | — | — | — | 4.3% | — |
| 23005 | — | — | — | 4.4% | — |
| 23015 | $401,602 | $1,380 | 4.1% | 4.5% | -8.4% |
Ranked by composite score
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Demographics
Owner-occupied
82.8%
Census ACS
Vacancy rate
4.5%
Census ACS
Bachelor's degree +
42.4%
Census ACS
Rent burdened
42.0%
Census ACS (>30% income)
Median age
42.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026