Home prices
The median home in Hanover costs $297,800. In comparison to its surrounding areas it is about $25,360 (7%) lower.It is about $80,300 (36%) higher in comparison to the rest of the nation, and in comparison to the city of Minneapolis it is approximately $46,200 (18%) higher.
Rents
In Hanover the median rent is $589 a month. Compared to other places in this area this is about $652 (52%) lower.It is about $473 (44%) lower compared to the entire nation, and it is approximately $438 (42%) lower compared to the city of Minneapolis.
Nearby places
St. Michael
St. Michael is Hanover's neighbor to the northwest. The real estate prices there are a bit less expensive. The median home in St. Michael is valued at $270,600, which works out to $27,200 (10%) lower than Hanover. Rents there are a lot more expensive. The median monthly rent in St. Michael is $1,078, which works out to $489 (45%) higher than Hanover.
Greenfield
Greenfield is Hanover's neighbor to the south. The housing prices there are a bit more expensive. Greenfield's median home cost is $428,300, which comes out to $130,500 (30%) higher than Hanover. Rent there is a lot more expensive. Greenfield's median rent is $1,313 per month, which works out to $724 (55%) higher than Hanover.
Rogers
Rogers is Hanover's neighbor to the northeast. Its housing prices are a bit more expensive. Rogers's median home value is $331,200, which works out to $33,400 (10%) higher than Hanover. Rent there is substantially more expensive. Rogers's median monthly rent is $1,162, which works out to $573 (49%) higher than Hanover.
Corcoran
Corcoran is Hanover's neighbor to the southeast. Its housing prices are a little more expensive. The price of the median home in Corcoran is $335,300, which comes out to $37,500 (11%) higher than Hanover. The rent there is a lot more expensive. Corcoran's median monthly rent is $1,681, which works out to $1,092 (64%) higher than Hanover.
Albertville
Albertville is approximately 4 miles north from Hanover. Housing prices there are somewhat less expensive. The median home in Albertville is valued at $250,400, which works out to $47,400 (18%) lower than Hanover. Its rents are significantly more expensive. The median monthly rent in Albertville is $970, which works out to $381 (39%) higher than Hanover.
