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Affordable
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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 $259,845, lower than the Wisconsin average of $280,373.
The average cost of rent is $1,030/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. In Hanover, 11.66% of households rent, and 28.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $7,285 per month. Households that rent pay about 14.13% of their income on rent here. Hanover’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Footville, WI: equally priced homes
- Orfordville, WI: less expensive homes
- Afton, WI: equally priced homes
- Shopiere, WI: higher priced homes
- Newark, WI: higher priced homes
- Christilla Heights, WI: less expensive homes
- Janesville, WI: less expensive homes
- Garden Village, WI: equally priced homes
- Beloit, WI: less expensive homes
- Magnolia, WI: higher priced homes
Cities with Similar Populations
- Masseyville, TN: less expensive homes
- Ridgefield, IL: higher priced homes
- Richville, MI: less expensive homes
- Riceville, LA: less expensive homes
- Rhonesboro, TX: less expensive homes
- Mentow, VA: less expensive homes
- Meauwataka, MI: less expensive homes
- McKinleyville, WV: equally priced homes
- McIntire, IA: less expensive homes
- McIllwain, TN: less expensive homes
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