Hanover, MI has a median housing value of $185,500 which is significantly lower than the median US housing value of $338,100. Despite this disparity, houses in Hanover have seen a one year appreciation rate of 9.09%, higher than the US average of 8.27%. This is indicative of Hanover's strong housing market and ongoing demand for new homes in this area. Buyers looking to purchase a home in Hanover can expect their investment to increase year over year.
The median home cost in Hanover is $185,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Hanover is up 16.2%.
Average Age of Homes
- The median age of Hanover real estate is 78 years old
The Rental Market in Hanover
- Renters make up 17.0% 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.