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 $131,473, lower than the Illinois average of $242,002.
The average cost of rent is $655/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 49.59% of residents own their homes outright in Hanover, 30.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $4,633 per month. Households that rent pay about 14.14% of their income on rent here. Hanover's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Elizabeth, IL: equally priced homes
- Rodden, IL: higher priced homes
- Massbach, IL: higher priced homes
- Bellevue, IA: higher priced homes
- Woodbine, IL: higher priced homes
- The Galena Territory, IL: higher priced homes
- Schapville, IL: higher priced homes
- Rice, IL: higher priced homes
- St. Donatus, IA: higher priced homes
- Miles, IA: higher priced homes
Cities with Similar Populations
- Yeagertown, PA: less expensive homes
- Accomac, VA: higher priced homes
- Whitton, TX: higher priced homes
- Wilson, WI: higher priced homes
- Winfield, IA: less expensive homes
- Winter Park, CO: higher priced homes
- Britt, MN: equally priced homes
- Box Springs, GA: equally priced homes
- Bluff Dale, TX: higher priced homes
- Blue River, WI: higher priced homes
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