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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.40% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 58.10% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $70,900 |
| Median Price asked for vacant units | $68,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $488 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.90% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 54.20% |
| Debt Free | 23.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
