The housing market in Hanover, MA is quite strong, with a median value of $696,300 compared to the US median of $338,100. This indicates that Hanover has much more expensive housing than the national average. Furthermore, with an appreciation rate of 8.52% over the past year, home values are continuing to appreciate at a steady rate. This is slightly higher than the national average appreciation rate of 8.27%, demonstrating that Hanover's real estate market is healthy and growing.
The median home cost in Hanover is $696,300. Home appreciation the last 10 years has been 93.8%. Home Appreciation in Hanover is up 13.2%.
Average Age of Homes
- The median age of Hanover real estate is 47 years old
The Rental Market in Hanover
- Renters make up 17.6% of the Hanover population
- 1.0% 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.