Hanover Park, IL is a great place to consider when it comes to housing. The median value of a house in Hanover Park is $257,600, which is lower than the US median value of $338,100. In the last year, the appreciation rate of housing in Hanover Park was 9.73%, higher than the US national average of 8.27%. This makes Hanover Park an ideal location for those who want to invest in real estate as they can expect to see their investment appreciate faster than many other places in the United States.
The median home cost in Hanover Park is $257,600. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Hanover Park is up 12.6%.
Average Age of Homes
- The median age of Hanover Park real estate is 42 years old
The Rental Market in Hanover Park
- Renters make up 21.6% of the Hanover Park population
- 0.3% of houses and apartments in Hanover Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.