Hanover, NY is a great place for homeowners looking for housing value. The median value in Hanover is $170,900, which is significantly lower than the US median house value of $338,100. Furthermore, in the past year, house appreciation has increased by 10.72% in Hanover compared to the US average of 8.27%. This indicates that not only is there a great value base but also that home values are increasing at a faster rate than the national average. As such, Hanover is an excellent location for those looking to invest in housing.
The median home cost in Hanover is $170,900. Home appreciation the last 10 years has been 88.0%. Home Appreciation in Hanover is up 14.8%.
Average Age of Homes
- The median age of Hanover real estate is 66 years old
The Rental Market in Hanover
- Renters make up 18.2% of the Hanover population
- 2.5% 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.