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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 $84,548, lower than the West Virginia average of $177,366.
The average cost of rent is $624/mo in Hanover, primarily driven by the current value of real estate in the Hanover area. In Hanover, 8.23% of households rent, and 69.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanover is $3,917 per month. Households that rent pay about 15.94% of their income on rent here. Hanover’s most expensive areas are in the southeastern 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
- Ikes Fork, WV: equally priced homes
- North Spring, WV: equally priced homes
- Simon, WV: equally priced homes
- Justice, WV: higher priced homes
- Sun Hill, WV: equally priced homes
- Sandy Huff, WV: less expensive homes
- Iaeger, WV: less expensive homes
- Stoneville, WV: equally priced homes
- Gilbert Creek, WV: higher priced homes
- Verner, WV: equally priced homes
Cities with Similar Populations
- Sheep Springs, NM: less expensive homes
- Hunter, TN: higher priced homes
- Hurricane Mills, TN: higher priced homes
- Jekyll Island, GA: higher priced homes
- Leola, AR: higher priced homes
- Rocky Branch, LA: higher priced homes
- Roggen, CO: higher priced homes
- Salyer, CA: higher priced homes
- Sandisfield, MA: higher priced homes
- Sandy, FL: higher priced homes
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