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These days, finding an affordable place to live in the Hannover area can be challenging. Home prices in Hannover are now at a median cost of $234,936, lower than the North Dakota average of $273,535.
The average cost of rent is $756/mo in Hannover, primarily driven by the current value of real estate in the Hannover area. In Hannover, 2.64% of households rent, and 67.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hannover is $7,092 per month. Households that rent pay about 10.66% of their income on rent here. Hannover’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Center, ND: less expensive homes
- Fort Clark, ND: less expensive homes
- Hazen, ND: less expensive homes
- Stanton, ND: less expensive homes
- New Salem, ND: less expensive homes
- Beulah, ND: equally priced homes
- Hensler, ND: less expensive homes
- Judson, ND: higher priced homes
- Sims, ND: less expensive homes
- Sanger, ND: higher priced homes
Cities with Similar Populations
- Ontario, VA: less expensive homes
- Neola, MO: equally priced homes
- Neptune, IA: higher priced homes
- Neskowin, OR: higher priced homes
- New Home, TX: equally priced homes
- New Millport, PA: less expensive homes
- Niagara, PA: higher priced homes
- Northfork, WV: less expensive homes
- Norway Center, SD: equally priced homes
- Oakwood, OK: less expensive homes
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