Housing costs in Hanover?
A typical home costs
$401,200, which is 18.7% more expensive than the national average of
$338,100 and 29.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Hanover costs
$1,240 per month, which is 0.0% cheaper than the national average of
$1,240 and 12.9% cheaper than the state average of
$1,400.
Can I afford Hanover?
To live comfortably in Hanover (zip 55341), Minnesota, a minimum annual income of
$77,040 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Hanover?
Living in 55341 Hanover, MN is relatively affordable. The median home value is around $145,000 and the median rent is approximately $892 per month. The cost of groceries and other essentials are generally more affordable than the national average and transportation costs are also low due to the small town feel of the area. There are plenty of amenities nearby with several shopping malls, entertainment venues, and restaurants in the area for residents to enjoy. Overall, living in 55341 Hanover, MN offers a great quality of life at a reasonable price.