The Most Affordable Neighborhoods in Hanover, WI by Home Value

 

Hanover, WI Map of Most Affordable Neighborhoods
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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 $204,228, lower than the Wisconsin average of $220,185.

The average cost of rent is $1,145/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. While nearly 30.47% of residents own their homes outright in Hanover, 7.96% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hanover is $6,413 per month. Households that rent pay about 17.85% of their income on rent here. Hanover's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.


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