Hanover, IL Real Estate

According to census data in the year 2000 there were 445 housing units in Hanover. This represents a 2% decline from 454 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 445 were located in what is classified as a rural area.

Homeownership rate in Hanover is about 63.2%. Hanover's vacancy rate, including seasonal lodging, is about 11.5%. Average household size is 2.01 people.

The majority of houses, apartments or condos in Hanover were built after 1941.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom13.30%
Two Bedrooms37.30%
Three Bedrooms37.30%
Four Bedrooms9.70%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1939
Median Value of occupied units$56,000
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size1.53
Median year structure was built1945
Median Monthly Rent asked for vacant units$208

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.30%
Home Equity Loan0.90%
Simple Mortgage42%
Debt Free50.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14%