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 $573,431, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,284/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 21.25% of residents own their homes outright in Hanover, 10.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $13,393 per month. Households that rent pay about 9.58% of their income on rent here. Hanover's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Rockland, MA: less expensive homes
- Norwell, MA: equally priced homes
- Standish, MA: higher priced homes
- Hanson, MA: less expensive homes
- Monponsett, MA: less expensive homes
- South Hingham, MA: higher priced homes
- Abington, MA: less expensive homes
- Pembroke, MA: less expensive homes
- Whitman, MA: less expensive homes
- Marshfield Hills, MA: equally priced homes
Cities with Similar Populations
- Norris, TN: less expensive homes
- Pinson, AL: less expensive homes
- Pike Road, AL: less expensive homes
- Pembroke, NC: less expensive homes
- Pelham, NH: less expensive homes
- Orange Park, FL: less expensive homes
- Orange, CT: less expensive homes
- Okmulgee, OK: less expensive homes
- Ojai, CA: higher priced homes
- Oil City, PA: less expensive homes
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