Housing in Hanover, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$235,000
Median List Price
N/A
Price Per Sq Ft
$207
Days on Market
13
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$226,582
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
100.0%
Sale-to-List Ratio
102.2%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$207
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
$142,700
Median Rent
$938
Total Housing Units
173
Vacancy Rate
5.2%
Owner Occupied
68.3%
Renter Occupied
31.7%
Median Property Tax
$1,500
per year
Monthly Cost (w/ Mortgage)
$756
Housing Types
The current median sale price in Hanover, MI is $235,000 according to Redfin data. Homes spend a median of 13 days on the market. 100.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $207. The median rent is $938 per month (Census ACS). About 68.3% of housing units are owner-occupied. The median year homes were built is 1949. There are 173 total housing units.