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 $196,744, lower than the Pennsylvania average of $222,630.
The average cost of rent is $1,175/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 35.27% of residents own their homes outright in Hanover, 25.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $6,020 per month. Households that rent pay about 19.52% of their income on rent here. Hanover's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Parkville, PA: less expensive homes
- McSherrystown, PA: less expensive homes
- Hobart, PA: higher priced homes
- Abbottstown, PA: equally priced homes
- Glenville, PA: higher priced homes
- New Oxford, PA: equally priced homes
- Littlestown, PA: higher priced homes
- Spring Grove, PA: higher priced homes
- Cedar Ridge, PA: higher priced homes
- Bonneauville, PA: equally priced homes
Cities with Similar Populations
- Brunswick, GA: equally priced homes
- Columbus, MS: less expensive homes
- Cocoa, FL: less expensive homes
- Cleveland Heights, OH: less expensive homes
- Clarkston, MI: higher priced homes
- Hackensack, NJ: higher priced homes
- Cape Girardeau, MO: less expensive homes
- Butler, PA: less expensive homes
- Brunswick, OH: equally priced homes
- Brookfield, WI: higher priced homes
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