Hanover, VA · ZIP 23116 · Census Tract 51085320902 · 2027–2030 outlook
Current modeled value
$416K
Downside (P10)
$346K
-17% by 2030
Base Case (P50)
$449K
+8% by 2030
Upside (P90)
$622K
+49% by 2030
Base case: +8% by 2030, with a forecast range from -17% to +49%. Uncertainty is typical relative to similar Hanover markets.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|
| Median Value | $286K | $306K | $345K | $345K | $403K | $416K | $428K | $449K | $449K |
| YoY Change | +7.1% | +12.6% | +0.1% | +16.7% | +3.3% | +2.9% | +4.8% | +0.1% | |
| Downside (P10) | $332K | $361K | $346K | ||||||
| Upside (P90) | $514K | $571K | $622K |
The forecast range is moderate for this market over this horizon. The range stays consistent through the forecast period.
1-Year Spread
$332K to $514K
42.5% of median
5-Year Spread
$346K to $622K
61.5% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Mechanicsville · 23116 · (Tract 3209.2) | $407K | $449K | +10.2% | |
| South Anna | $416K | $421K | +1.1% | |
| Chickahominy | $413K | $461K | +11.5% | |
| South Anna | $420K | $465K | +10.8% | |
| Ashland | $425K | $451K | +6.0% | |
| Mechanicsville | $426K | $464K | +9.0% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Mechanicsville · 23116 · (Tract 3209.2) | $407K | $449K | +10.2% | |
| Cold Harbor | $368K | $445K | +21.1% | |
| Cold Harbor | $474K | $554K | +16.8% | |
| Beaverdam | $446K | $515K | +15.2% | |
| Beaverdam area | $382K | $433K | +13.3% | |
| Mechanicsville | $278K | $314K | +13.2% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Mechanicsville · 23116 · (Tract 3209.2) | $407K | $449K | $276K | |
| Ashland | $267K | $292K | $156K | |
| Cold Harbor | $300K | $318K | $159K | |
| Mechanicsville | $351K | $356K | $187K | |
| Mechanicsville | $278K | $314K | $199K | |
| Ashland | $354K | $396K | $202K |
Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.
Model
Homecastr World Model (Schrödinger Bridge v12)
Forecast Horizon
2027 to 2030
Schema Version
forecast_queue
Citation
Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.
Data Sources
Deep dive into property-level home price forecasts for parcels in this area.