Housing in Hanover, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$391,950
Median List Price
$489,900
Price Per Sq Ft
$177
Days on Market
41
Active Inventory
20
Months of Supply
10.0
Buyer's market
Zillow Home Value
$435,319
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
66.7%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
10
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$177
Median List $/SF
$231
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
$421,700
Median Rent
$1,806
Total Housing Units
1,197
Vacancy Rate
2.3%
Owner Occupied
91.9%
Renter Occupied
8.1%
Median Property Tax
$4,487
per year
Monthly Cost (w/ Mortgage)
$2,176
Housing Types
The current median sale price in Hanover, MN is $391,950 according to Redfin data. Homes spend a median of 41 days on the market. 0.0% of homes sold above asking price. The market has 10.0 months of supply. The median price per square foot is $177. The median rent is $1,806 per month (Census ACS). About 91.9% of housing units are owner-occupied. The median year homes were built is 2003. There are 1,197 total housing units.