Home prices
The median home value in Hanover is $77,900. It is about $75,740 (49%) lower in comparison to its surrounding areas.It is about $139,600 (64%) lower in comparison to the US as a whole, and it is about $168,400 (68%) lower compared to the city of Madison.
Rents
Hanover's median monthly rent is $581. It is about $255 (30%) lower compared to nearby areas.It is approximately $481 (45%) lower compared to the rest of the nation, and in comparison to the city of Madison it is roughly $537 (48%) lower.
Nearby places
Elizabeth
Elizabeth is about 4 miles northeast of Hanover. Its housing prices are a little more expensive. The value of the median home in Elizabeth is $94,600, which comes out to $16,700 (17%) higher than Hanover. Rents there are fairly similar. In Elizabeth the median monthly rent is $599, which works out to $18 (3%) higher than Hanover.
Bellevue
Bellevue is roughly 6 miles west of Hanover. Housing prices there are substantially more expensive. The median home in Bellevue costs $156,500, which works out to $78,600 (50%) higher than Hanover. Its rents are somewhat more expensive. Bellevue's median rent is $655 a month, which comes out to $74 (11%) higher than Hanover.
The Galena Territory
The Galena Territory is approximately 9 miles north from Hanover. Housing prices there are significantly more expensive. The median home value in The Galena Territory is $297,400, which comes out to $219,500 (73%) higher than Hanover. Rents there are significantly more expensive. The median monthly rent in The Galena Territory is $1,667, which works out to $1,086 (65%) higher than Hanover.
Savanna
Savanna is about 12 miles southeast of Hanover. Real estate prices there are somewhat less expensive. Savanna's median home price is $68,800, which is $9,100 (13%) lower than Hanover. Rent there is somewhat more expensive. Savanna's median monthly rent is $615, which comes out to $34 (5%) higher than Hanover.
Galena
Galena is approximately 12 miles northwest from Hanover. Its housing prices are substantially more expensive. The median home in Galena is valued at $150,900, which comes out to $73,000 (48%) higher than Hanover. Rent there is a bit more expensive. Galena's median rent is $645 per month, which comes out to $64 (9%) higher than Hanover.
