Hanover Park, IL Real Estate

According to census data in the year 2000 there were 11,405 housing units in Hanover Park. This represents a 9.6% growth from 10,405 in 1990.

Of those housing units, 11,405 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Hanover Park is about 82%. Hanover Park's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 3.43 people.

The majority of houses, apartments or condos in Hanover Park were built after 1975.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom6.60%
Two Bedrooms22.20%
Three Bedrooms49.40%
Four Bedrooms17.60%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.39
Median year structure was built1976
Median Value of occupied units$141,500
Median Price asked for vacant units$119,600

Rented Homes, Apartments and Condos

Average Household Size3.61
Median year structure was built1973
Median Monthly Rent asked for vacant units$816

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage9.20%
Home Equity Loan12.70%
Simple Mortgage67.80%
Debt Free10.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.1%