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 $129,612, lower than the Indiana average of $175,617.
The average cost of rent is $851/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 45.00% of residents own their homes outright in Hanover, 29.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $4,190 per month. Households that rent pay about 20.30% of their income on rent here. Hanover's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Saluda, IN: higher priced homes
- North Madison, IN: higher priced homes
- Kent, IN: higher priced homes
- Chelsea, IN: higher priced homes
- Smyrna, IN: equally priced homes
- Volga, IN: higher priced homes
- Milton, KY: equally priced homes
- Madison, IN: higher priced homes
- Paynesville, IN: higher priced homes
- Otto, IN: higher priced homes
Cities with Similar Populations
- New Hope, AL: higher priced homes
- Newfield, NJ: higher priced homes
- Newfane, NY: equally priced homes
- Newcomerstown, OH: less expensive homes
- Newbern, TN: less expensive homes
- New Windsor, MD: higher priced homes
- New Wilmington, PA: higher priced homes
- New Market, MD: higher priced homes
- New London, NC: higher priced homes
- New Lisbon, WI: higher priced homes
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