Housing in Hanover, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$108,459
Hanover vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Hanover is highlighted.
Median Home Value
14th%ilemost expensive$86,200show rank
Median Rent
23rd%ilemost expensive rent$751show rank
Rent Burden
75th%ilehighest rent burden22.8%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$86,200
Median Rent
$751
Total Housing Units
459
Vacancy Rate
8.1%
Owner Occupied
65.4%
Renter Occupied
34.6%
Median Property Tax
$1,453
per year
Monthly Cost (w/ Mortgage)
$708
Housing Types
Single Family74.7%
Multi-Family25.3%
Mobile Home0.0%
The median home value in Hanover, IL is $86,200. According to Zillow, the home value index for Hanover is $108,459. The median rent is $751 per month (Census ACS). About 65.4% of housing units are owner-occupied. The median year homes were built is 1943. There are 459 total housing units.