Zip 61041 (Hanover, IL) Housing

The housing market in Hanover, IL (61041) is on the rise with a median value of $106,000. This is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while the House 1 year appreciation rate in Hanover is 7.18%. Though these numbers are slightly lower than the national average, they demonstrate a steady rise in Hanover's housing market and bode well for potential home buyers and investors alike.

The median home cost in Hanover (zip 61041) is $106,000. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Hanover (zip 61041) is up 14.1%.

Average Age of Homes

- The median age of Hanover (zip 61041) real estate is 72 years old

The Rental Market in Hanover (zip 61041)

- Renters make up 14.4% of the Hanover (zip 61041) population
- 1.6% of houses and apartments in Hanover (zip 61041), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hanover, Illinois	United States
	794.0	139,647,020.0
	59	42
	$106,000	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$18.55	$10.98
	$2,065	$2,690
	49.9%	57.4%
	23.3%	11.2%
	26.8%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.9%	0.4%
	10.6%	3.6%
	10.2%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	4.8%	2.4%
	12.1%	2.8%
	16.4%	3.9%
	12.1%	4.5%
	22.0%	11.3%
	6.1%	13.0%
	4.5%	20.1%
	1.0%	13.6%
	12.6%	8.3%
	2.3%	9.7%
	5.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	6.4%	0.2%
	1.8%	13.6%
	1.8%	13.6%
	3.1%	13.6%
	11.7%	13.2%
	12.0%	14.8%
	3.1%	13.6%
	7.8%	10.0%
	9.1%	4.7%
	30.4%	12.2%

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