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 Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||12.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.3%|