HousingHandbookReference data

U.S. ZIP Code · VA23015

Hanover County · Richmond, VA

Typical home value

$416,176[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.9%
5-year / yr
+4.4%
10-year / yr
+5.4%

Relative price

vs U.S.
+46.5%
vs metro
+11.9%
vs state
+26.8%
ZIP 23015 location in VA
Location of ZIP 23015 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23015 is worth $416,176 — 11.9% above the Richmond, VA median. Over the past year, values have risen 2.9%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$2,495[3]

#Climate risk

FEMA National Risk Index ratings for Hanover County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Very Low
Wildfire
Very Low
Drought
Relatively High
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
4,601[3]
Median household income
$113,771[3]

#Migration

Household moves in and out of Hanover County over a year, from IRS tax-return data.

Net migration
+226[5]
Moved in
3,411
Moved out
3,185

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Beaverdam Elementary

    Elementary · Grades PK–5 · Hanover County Public Schools

    311 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,104
Loan principal$332,941
Down payment$83,235
Total interest paid$424,648

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,659
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
6th percentile[1]
Rental yield
[2]
Property tax
32nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 23015?
The typical home in 23015 is worth $416,176, based on the Zillow Home Value Index.
Are home values rising in 23015?
Home values in 23015 are up 2.9% over the past year, and up 4.4% a year over five years.
What is the property tax rate in 23015?
The effective property tax rate in 23015 is 0.6% — roughly $2,495 a year on a typical home.
Who lives in 23015?
ZIP code 23015 has a population of 4,601 and a median household income of $113,771.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bon Air CDP, VA

    Typical home
    $417,567
    Gross yield
    5.7%
  • Hanover CDP, VA

    Typical home
    $414,449
    Gross yield
  • VA

    Typical home
    $419,739
    Gross yield
  • VA

    Typical home
    $411,967
    Gross yield
    5.8%
  • Richmond, VA

    Typical home
    $422,681
    Gross yield
    5.3%
  • Goochland CDP, VA

    Typical home
    $409,506
    Gross yield

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