Hanover, IN Real Estate

According to census data in the year 2000 there were 1,166 housing units in Hanover. This represents a 12.2% growth from 1,039 in 1990.

Of those housing units, 1,030 were located in either urbanized areas or urban clusters, and 136 were located in what is classified as a rural area.

Homeownership rate in Hanover is about 64.9%. Hanover's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Hanover were built after 1974.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5.40%
Two Bedrooms28.20%
Three Bedrooms58.10%
Four Bedrooms7%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1973
Median Value of occupied units$70,900
Median Price asked for vacant units$68,300

Rented Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1976
Median Monthly Rent asked for vacant units$488

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage9.90%
Home Equity Loan12.30%
Simple Mortgage54.20%
Debt Free23.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%