Home prices
The median home cost in Hanover Park is $195,300. This is about $61,160 (23%) lower in comparison to other places in this area.It is roughly $22,200 (10%) lower in comparison to the rest of the country, and in comparison to the city of Chicago is roughly $62,700 (24%) lower.
Rents
The median monthly rent in Hanover Park is $1,254. In comparison to the surrounding areas this is approximately $263 (17%) lower.In comparison to the country as a whole it is roughly $192 (18%) higher, and it is approximately $142 (12%) higher in comparison to the city of Chicago.
Nearby places
Roselle
Roselle is Hanover Park's neighbor to the east. The real estate prices there are somewhat more expensive. The value of the median home in Roselle is $256,800, which is $61,500 (23%) higher than Hanover Park. Its rents are a little more expensive. In Roselle the median monthly rent is $1,431, which works out to $177 (12%) higher than Hanover Park.
Bartlett
Bartlett is Hanover Park's neighbor to the west. Real estate prices there are somewhat more expensive. The median home in Bartlett costs $279,200, which comes out to $83,900 (30%) higher than Hanover Park. Its rents are somewhat more expensive. In Bartlett the median rent is $1,570 a month, which is $316 (20%) higher than Hanover Park.
Streamwood
Streamwood is Hanover Park's neighbor to the northwest. Real estate prices there are similar. The value of the median home in Streamwood is $192,800, which comes out to $2,500 (1%) lower than Hanover Park. Rents there are somewhat more expensive. In Streamwood the median monthly rent is $1,743, which works out to $489 (28%) higher than Hanover Park.
Schaumburg
Schaumburg is Hanover Park's neighbor to the northeast. The housing prices there are a little more expensive. The median home cost in Schaumburg is $251,100, which is $55,800 (22%) higher than Hanover Park. Its rents are a bit more expensive. The median rent in Schaumburg is $1,440 a month, which is $186 (12%) higher than Hanover Park.
Bloomingdale
Bloomingdale is about 3 miles southeast of Hanover Park. Real estate prices there are significantly more expensive. The median home in Bloomingdale is valued at $302,400, which is $107,100 (35%) higher than Hanover Park. Its rents are somewhat more expensive. The median rent in Bloomingdale is $1,399 per month, which is $145 (10%) higher than Hanover Park.
