Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hanover area can be challenging. Home prices in Hanover are now at a median cost of $235,330, lower than the Connecticut average of $357,181.
The average cost of rent is $1,125/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 34.89% of residents own their homes outright in Hanover, 18.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $6,694 per month. Households that rent pay about 16.81% of their income on rent here. Hanover's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Baltic, CT: less expensive homes
- Newent, CT: higher priced homes
- Canterbury, CT: equally priced homes
- Scotland, CT: equally priced homes
- Westminster, CT: equally priced homes
- North Franklin, CT: equally priced homes
- Taftville, CT: less expensive homes
- Jewett City, CT: equally priced homes
- South Windham, CT: equally priced homes
- Windham, CT: less expensive homes
Cities with Similar Populations
- Saulsbury, WV: less expensive homes
- Ionia, IA: less expensive homes
- Jasper, VA: less expensive homes
- Kanarraville, UT: higher priced homes
- Killarney Shores, MO: less expensive homes
- Laclede, ID: higher priced homes
- Lake Church, WI: equally priced homes
- Lake Garfield, FL: less expensive homes
- Roxbury, NY: less expensive homes
- Roxton, TX: less expensive homes
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