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City · 38,683 residents · Hanover County, Virginia

Mechanicsville , Virginia

In Mechanicsville, a typical home is worth $351,000 and typical rent is $1,724 a month. Compared with all of Hanover County, typical household income is 13% lower, the typical home value is 12% lower, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $351,000

    12% below the county

    9% below Virginia

    • Mechanicsville
    • Hanover
    • Virginia

  • Typical rent

    $1,724a month

    8% above the county

    9% above Virginia

    • Mechanicsville
    • Hanover
    • Virginia

  • Typical household income

    $98,595a year

    13% below the county

    6% above Virginia

    • Mechanicsville
    • Hanover
    • Virginia

  • Households that own their home

    76%

    7 points below the county

    8 points above Virginia

    • Mechanicsville
    • Hanover
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$442,400
3% more than 12 months ago
Typical rent
$2,225 a month
1.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mechanicsville is in Hanover County. The FHA loan limit ($707,250 for a one-unit home), the fair market rents and the help on this page are those of all of Hanover County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mechanicsville apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Montrose, the typical home value is $194,100: 45% less than in Mechanicsville ($351,000).

  2. Nearby, in Highland Springs, the typical rent is $1,269: 26% less than in Mechanicsville ($1,724).

  3. 76% of households in Mechanicsville own their home, against 82% in Hanover County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mechanicsville

What homes there are in Mechanicsville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Mechanicsville (80%), but less so than in Hanover County (85%).

Year built

By age, homes in Mechanicsville look like those in Hanover County: the typical year built is 1990.

There are fewer big homes in Mechanicsville than in Hanover County: 79% have 3 bedrooms or more, against 83%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,805 a month

Hanover County: $1,996 a month

Without a mortgage

$550 a month

Hanover County: $590 a month

Owners with a mortgage

72%

Hanover County: 69%

In Mechanicsville, 72% of owners have a mortgage, and their typical cost is $1,805 a month, against $1,996 in Hanover County. Without one it drops to $550.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Mechanicsville rose 45%; in Hanover County, it rose 42%.

Rents in Mechanicsville rose faster than in Hanover County: 43% since 2015–2019, against 37%.

Housing prices ran ahead of income in Mechanicsville: typical income rose 24%, against +45% for home values and +43% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMechanicsvilleHanover CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimate0.8%0.8%0.9%
More than one person per room Unreliable estimate0.9%2.1%3.4%
People per household 2.502.592.522.53
Drive alone 76%73%68%69%
Carpool 4%6%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 18%19%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Mechanicsville look like those in Hanover County: 2.50 people on average.

The car rules in Mechanicsville: 76% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mechanicsville?

A typical home is tight for the typical income

We start with a typical home in Mechanicsville, worth $351,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Mechanicsville, which is $98,595 a year. For that payment to be 28% of income, a household would need to earn about $121,004 a year.

The calculator's FHA and conventional loan limits are those of all of Hanover County.

Your numbers

Local data
$

Starts at the typical home value in Mechanicsville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,285 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,823

at 7.18% · 30 years

Loan amount
$344,643
Total interest
$495,860
Paid off in
November 2056

Includes $5,928 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,301 a month

  • Tight

    $2,301 to $2,958 a month

    Your payment · 34%

  • Hard

    more than $2,958 a month

Compared with the typical household income in Mechanicsville ($98,595 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,823
Principal & interest$2,335
Property tax$187
Home insurance$146
FHA mortgage insurance (MIP)$155

You need at least $12,285 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Mechanicsville and Hanover County

Mechanicsville is in Hanover County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Mechanicsville's own numbers

Typical home value
$351,000
Typical monthly rent
$1,724
Typical yearly household income
$98,595
Households that own their home
76%
Effective property tax rate
0.64%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hanover County

FHA limit, one-unit home
$707,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,651
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hanover County.

Everything about Hanover County

Buying

Buying a home in Mechanicsville

A typical home in Mechanicsville is worth $351,000: 12% below the county and 9% below Virginia. With the typical household income in Mechanicsville ($98,595 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Mechanicsville 3.6 years
  • Hanover 3.5 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hanover County

According to FHFA’s house price index, home prices in Hanover County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hanover County.

Period County Virginia U.S.
Last year (2025) +3.6% +3.7% +2.9%
5 years (2020–2025) +48% +49% +47%
10 years (2015–2025) +79% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Mechanicsville next to Hanover County, Virginia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Mechanicsville $351,000
  • Hanover $400,400
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Mechanicsville $1,724
  • Hanover $1,591
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Mechanicsville $98,595
  • Hanover $112,805
  • Virginia $93,170
  • United States $80,734
See the full table
Mechanicsville next to Hanover County and Virginia
Measure Mechanicsville Hanover County Virginia U.S.
Typical home value $351,000 $400,400 $383,700 $332,700
Typical monthly rent $1,724 $1,591 $1,579 $1,413
Typical yearly household income $98,595 $112,805 $93,170 $80,734
Households that own their home 76% 82% 67% 65%
Typical yearly property tax $2,244 $2,627 $2,790 $3,119
Effective property tax rate 0.64% 0.66% 0.73% 0.94%
Renters with high rent for their income 49% 44% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hanover County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Mechanicsville

For a typical $351,000 home in Mechanicsville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mechanicsville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,823a month

    Least cash to close
    Down payment
    $12,285
    Cash to close
    $22,815
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $155

  • Conventional, 5% down $2,759a month

    Down payment
    $17,550
    Cash to close
    $28,080
    Rate
    7.18%
    Mortgage insurance
    PMI · $167

  • Conventional, 20% down, no PMI $2,236a month

    Down payment
    $70,200
    Cash to close
    $80,730
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,560a month

    Down payment
    $52,650
    Cash to close
    $63,180
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mechanicsville and for Hanover County.

Property tax

Effective rate in Mechanicsville

0.64%of the home’s value each year

$2,244 a year for the typical owner in Mechanicsville.

  • Mechanicsville 0.64%
  • Hanover 0.66%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Hanover County

FEMA does not publish these numbers by city: they are for all of Hanover County.

Homes in the high-risk zone
0.9%
375
Of those, with NFIP insurance
11%
County Virginia U.S.
Homes in the high-risk zone 0.9% 1.5% 3.5%
Of those, with NFIP insurance 11% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mechanicsville

Typical rent in Mechanicsville is $1,724 a month: 8% above the county. In Mechanicsville, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hanover County, by unit size. To pay the 2-bedroom one ($1,651 a month) without spending more than 30% of your income, you would need to earn $31.75 an hour working full time.

HUD fair market rent for all of Hanover County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,456 $28.00 $58,240
1 bedroom $1,517 $29.17 $60,680
2 bedrooms $1,651 $31.75 $66,040
3 bedrooms $2,039 $39.21 $81,560
4 bedrooms $2,499 $48.06 $99,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Mechanicsville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mechanicsville has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,810 in 23111 to $2,280 in 23116.

2 of the 2 are above the fair market rent for Hanover County ($1,651).

  • 23111 $1,810$2,240
  • 23116 $2,280$2,820

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mechanicsville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mechanicsville

HUD lists 5 buildings with rents for lower incomes in Mechanicsville. These are the largest.

  • Pines at Cold Harbor 7187 Garden Park Ln, Mechanicsville 23111 156 homes, 140 low-income · 1 bd: 14 · 2 bd: 104 · 3 bd: 38 · In service since 2006 · For families
  • Beaverdam Creek 7266 Cold Harbor Rd, Mechanicsville 23111 120 low-income homes · 2 bd: 96 · 3 bd: 24 · In service since 2000 · For families
  • Chickahominy Bluff 7800 Sporting Ln, Mechanicsville 23111 120 low-income homes · 2 bd: 66 · 3 bd: 54 · In service since 1997 · For families
  • Harbour Square 7102 New Hunter Rd, Mechanicsville 23111 100 low-income homes · For older adults (804) 730-1284
  • Christian Village of Central Virginia 7119 Brooks Farm Rd, Mechanicsville 23111 72 low-income homes · For older adults (804) 730-5625

See all 11 buildings in Hanover County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mechanicsville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hanover County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Mechanicsville

No down payment, repair or rent-help program on our list is for Mechanicsville or Hanover County. The ones below are statewide in Virginia: they work in Mechanicsville the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Mechanicsville

The HUD-approved agencies closest to the center of Mechanicsville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • NSC (naca Counseling Subsidiary) - Richmond, VA

    1600 Brook Rd Ste C, Richmond · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (631) 370-6222

  • QUIN RIVERS, INC DBA Thrive Virginia

    211 Rocketts Way, Henrico · 9 miles away

    • Budget and credit workshops
    • Fair housing pre-purchase workshops
    • and 3 more
    (804) 362-6835

  • Southside Community Development and Housing

    1624 Hull St, Richmond · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (804) 231-4449

All counseling agencies in Virginia

Help in Spanish near Mechanicsville

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mechanicsville

HUD lists no housing authority with an office in Hanover County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Other cities in Hanover County

These cities are also in Hanover County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hanover County Housing in Virginia

Nearby cities

The cities closest to Mechanicsville, with the typical home value.

Neighboring counties

If Hanover County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mechanicsville.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Mechanicsville

Short answers with the numbers for Mechanicsville and all of Hanover County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Mechanicsville?

The typical home value in Mechanicsville is $351,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hanover County it is $400,400.

How much does it cost to rent in Mechanicsville?

Typical rent in Mechanicsville is $1,724 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hanover County is $1,651.

What is the FHA loan limit in Mechanicsville?

Mechanicsville uses the FHA limit for all of Hanover County (2026): $707,250 for a one-unit home and $1,360,100 for a four-unit home.

How much property tax do owners pay in Mechanicsville?

The typical homeowner in Mechanicsville pays $2,244 a year, according to the U.S. Census Bureau. That is 0.64% of the home’s value; in Hanover County, the rate is 0.66%.

Where can I find free help to buy or rent in Mechanicsville?

We found no HUD-approved counseling agencies with an office in Hanover County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).