23192 — Hanover County, Virginia Market Snapshot
Housing market data for zip code 23192 in Hanover County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
26 sales in 2026 (year to date)
Median Sale Price
$502,475
Days to Sell
38
Homes Sold
26
Inventory
23
Sale-to-List
99.6%
New Listings
41
Price/SqFt
$244
Pending Sales
29
Conforming Loan Available
Most homebuyers in 23192 can comfortably use conventional financing. The median home price of $502,475 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
23192's market is balanced with homes taking an average of 38 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 23192 (99.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23192 can comfortably use conventional financing. The median home price of $502,475 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 23192 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 23192
To purchase the median home at $502,475 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,000.
Monthly Payment
$4,000
Income Required
$171,420
Principal & Interest
$3,096/mo
Down Payment (5%)
$25,124
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 23192.
Estimated Monthly Payment
$3,260
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