Hanover County, Virginia has a 2026 one-unit conforming loan limit of $832,750, which is 2.1 times the county's median home value of $400,400, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $112,805 (FHFA; Census ACS 2020–2024).
Data as of 2026. Source: FHFA 2026 conforming loan limits; U.S. Census Bureau ACS 2020–2024
| Item | Value |
|---|---|
| 1-unit limit (2026) | $832,750 |
| 2-unit limit | $1,066,250 |
| 3-unit limit | $1,288,800 |
| 4-unit limit | $1,601,750 |
| Median home value (ACS 2020–24) | $400,400 |
| Virginia median home value | $383,700 |
| Limit ÷ median home value | 2.08× |
| Median household income | $112,805 |
| Median home value ÷ income | 3.5× |
| Population | 112,879 |
| Median property tax paid (owners) | $2,627 |
| Effective property tax rate (approx.) | 0.66% |
| Owner-occupied homes | 82.1% |
| Home value rank in Virginia | 24 of 133 counties |
| Neighbor: Caroline County, VA | limit $832,750; median home $307,700 |
| Neighbor: Goochland County, VA | limit $832,750; median home $500,600 |
| Neighbor: Henrico County, VA | limit $832,750; median home $359,200 |
| Neighbor: King William County, VA | limit $832,750; median home $315,700 |
| Neighbor: Louisa County, VA | limit $832,750; median home $315,300 |
| Neighbor: New Kent County, VA | limit $832,750; median home $393,600 |
| Neighbor: Spotsylvania County, VA | limit $1,249,125; median home $404,900 |
Across Virginia's 133 counties, FHFA's 2026 one-unit limits range from $832,750 to $1,249,125, with 18 high-cost counties. Hanover County's median home value is 4% above the state median of $383,700 (rank 24 of 133). Among its 7 neighboring counties, Goochland County has the highest median home value ($500,600) and Caroline County the lowest ($307,700); 1 neighbor(s) have a different loan limit. Owners pay a median $2,627 a year in property tax, an effective rate of about 0.66% of home value.
County data: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (tables B25077, B19013, B01003, B25103, B25003). Neighbors: Census county adjacency file.
Related
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Last updated 2026-10-16. Data only, not financial or tax advice.