Housing in Hanover, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$294,900
Median List Price
$279,900
Price Per Sq Ft
$144
Days on Market
126
Active Inventory
11
Months of Supply
3.7
Seller's market
Zillow Home Value
$208,597
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
5
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$144
Median List $/SF
$164
Hanover vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Hanover is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$126,300
Median Rent
$913
Total Housing Units
1,066
Vacancy Rate
12.5%
Owner Occupied
67.8%
Renter Occupied
32.1%
Median Property Tax
$865
per year
Monthly Cost (w/ Mortgage)
$903
Housing Types
The current median sale price in Hanover, IN is $294,900 according to Redfin data. Homes spend a median of 126 days on the market. 0.0% of homes sold above asking price. The market has 3.7 months of supply. The median price per square foot is $144. The median rent is $913 per month (Census ACS). About 67.8% of housing units are owner-occupied. The median year homes were built is 1971. There are 1,066 total housing units.