Hanover, MN Real Estate

According to census data in the year 2000 there were 456 housing units in Hanover. This represents a 70.1% growth from 268 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 456 were located in what is classified as a rural area.

Homeownership rate in Hanover is about 93.4%. Hanover's vacancy rate, including seasonal lodging, is about 3.7%. Average household size is 3.13 people.

The majority of houses, apartments or condos in Hanover were built after 1986.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.20%
Two Bedrooms9.40%
Three Bedrooms44.10%
Four Bedrooms34%
Five Bedrooms or more8.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.21
Median year structure was built1988
Median Value of occupied units$170,000
Median Price asked for vacant units$155,600

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage12.60%
Home Equity Loan22.90%
Simple Mortgage54.20%
Debt Free10.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%