The housing market in Hanover, IN (47243) is doing particularly well. The median value of a house in Hanover is $175,600, which is significantly less than the US median of $338,100. Over the last year, Hanover has seen a 8.69% appreciation rate for houses compared to the US average of 8.27%. This means that homes have increased by nearly 10% in value over the past year. This strong appreciation rate highlights how much more desirable the housing market in Hanover has become over time and speaks to the potential that it has for continued growth in the future.
The median home cost in Hanover (zip 47243) is $175,600. Home appreciation the last 10 years has been 74.5%. Home Appreciation in Hanover (zip 47243) is up 15.8%.
Average Age of Homes
- The median age of Hanover (zip 47243) real estate is 42 years old
The Rental Market in Hanover (zip 47243)
- Renters make up 25.1% of the Hanover (zip 47243) population
- 1.9% of houses and apartments in Hanover (zip 47243), 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.