Zip 04237 (Hanover, ME) Housing

Hanover, Maine 04237 is a great place to invest in real estate. With a median housing value of $271,600, it is significantly lower than the US median house value of $338,100. The one-year appreciation rate for houses in Hanover is 14.68%, much higher than the 8.27% national average. Thus, investing in real estate in Hanover can be a smart financial decision that yields excellent returns on investments.

The median home cost in Hanover (zip 04237) is $271,600. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Hanover (zip 04237) is up 20.0%.

Average Age of Homes

- The median age of Hanover (zip 04237) real estate is 31 years old

The Rental Market in Hanover (zip 04237)

- Renters make up 3.1% of the Hanover (zip 04237) population
- 0.0% of houses and apartments in Hanover (zip 04237), 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, Maine	United States
	285.0	139,647,020.0
	39	42
	$271,600	$338,100
	20.0%	16.6%
	78.7%	57.0%
	96.2%	101.1%
	$13.01	$10.98
	$2,211	$2,690
	34.4%	57.4%
	63.2%	11.2%
	2.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	62.5%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	3.1%	3.9%
	3.1%	4.5%
	21.4%	11.3%
	5.1%	13.0%
	44.9%	20.1%
	15.3%	13.6%
	0.0%	8.3%
	5.1%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.8%	0.2%
	25.3%	13.6%
	25.3%	13.6%
	9.5%	13.6%
	17.9%	13.2%
	7.4%	14.8%
	9.5%	13.6%
	4.6%	10.0%
	6.0%	4.7%
	21.1%	12.2%

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