The housing market in Hanover, ME is thriving. The median value of a house in Hanover is $248,100, which is significantly lower than the US median value of $338,100. This, combined with a 1 year appreciation rate of 14.68%, higher than the US rate of 8.27%, indicates that there are great opportunities for homeowners and investors alike in the Hanover area. With such attractive prices and excellent returns on investment, it is no wonder why the housing market in Hanover has been so successful.
The median home cost in Hanover is $248,100. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Hanover is up 20.0%.
Average Age of Homes
- The median age of Hanover real estate is 31 years old
The Rental Market in Hanover
- Renters make up 3.1% of the Hanover population
- 0.0% of houses and apartments in Hanover, 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.