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 $256,565, higher than the Maine average of $243,042.
The average cost of rent is $631/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 49.06% of residents own their homes outright in Hanover, 15.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $3,220 per month. Households that rent pay about 19.61% of their income on rent here. Hanover's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Bethel, ME: less expensive homes
- North Bethel, ME: equally priced homes
- South Andover, ME: less expensive homes
- Mayville, ME: equally priced homes
- Rumford, ME: less expensive homes
- Newry, ME: less expensive homes
- Rumford Corner, ME: less expensive homes
- Locke Mills, ME: less expensive homes
- East Andover, ME: less expensive homes
- Bryant Pond, ME: less expensive homes
Cities with Similar Populations
- Ravalli, MT: higher priced homes
- Mount Baldy, CA: higher priced homes
- Mount Gretna Heights, PA: less expensive homes
- Quackenkill, NY: equally priced homes
- Queensville, IN: less expensive homes
- Raccoon Bend, TX: less expensive homes
- Radec, CA: higher priced homes
- Rail Road Flat, CA: higher priced homes
- Rainsburg, PA: less expensive homes
- Ramsey, TX: less expensive homes
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