Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hanover Park area can be challenging. Home prices in Hanover Park are now at a median cost of $229,367, lower than the Illinois average of $242,002.
The average cost of rent is $1,630/mo in Hanover Park, primarily driven by the current value of real estate in the Hanover Park area. While nearly 27.38% of residents own their homes outright in Hanover Park, 25.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hanover Park is $7,041 per month. Households that rent pay about 23.15% of their income on rent here. Hanover Park's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Bartlett, IL: higher priced homes
- Streamwood, IL: equally priced homes
- Roselle, IL: higher priced homes
- Bloomingdale, IL: higher priced homes
- Schaumburg, IL: equally priced homes
- Carol Stream, IL: higher priced homes
- Medinah, IL: higher priced homes
- Hoffman Estates, IL: higher priced homes
- Glendale Heights, IL: less expensive homes
- Wayne, IL: higher priced homes
Cities with Similar Populations
- Los Altos, CA: higher priced homes
- Park Ridge, IL: higher priced homes
- Oswego, IL: higher priced homes
- Orangeburg, SC: less expensive homes
- Ocean Springs, MS: equally priced homes
- New Smyrna Beach, FL: higher priced homes
- Mount Pleasant, MI: less expensive homes
- Moncks Corner, SC: equally priced homes
- Manitowoc, WI: less expensive homes
- San Juan, TX: less expensive homes
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