Zip 55341 (Hanover, MN) Housing

In Hanover, MN (55341), the median house value is $401,200 which is higher compared to the US median house value of $338,100. This reflects a 6.82% appreciation rate in the area over the course of one year, although it is lower than the 8.27% growth rate for homes nationwide in that same timeframe. As such, living in this area comes with attractive housing costs and a steadily increasing value of real estate investments.

The median home cost in Hanover (zip 55341) is $401,200. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Hanover (zip 55341) is up 11.0%.

Average Age of Homes

- The median age of Hanover (zip 55341) real estate is 15 years old

The Rental Market in Hanover (zip 55341)

- Renters make up 4.1% of the Hanover (zip 55341) population
- 0.0% of houses and apartments in Hanover (zip 55341), 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, Minnesota	United States
	1,154.0	139,647,020.0
	18	42
	$401,200	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.60	$10.98
	$3,856	$2,690
	90.1%	57.4%
	0.0%	11.2%
	9.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.0%	3.9%
	0.0%	4.5%
	1.0%	11.3%
	2.3%	13.0%
	35.5%	20.1%
	30.6%	13.6%
	19.5%	8.3%
	8.5%	9.7%
	0.6%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	41.3%	13.6%
	41.3%	13.6%
	16.4%	13.6%
	9.2%	13.2%
	6.8%	14.8%
	16.4%	13.6%
	0.3%	10.0%
	0.0%	4.7%
	3.6%	12.2%

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