Housing & Real Estate — Hanover, Minnesota

Overview

Total Housing Units1,197
Occupied1,169
Vacant28
Owner-Occupied1,074
Renter-Occupied95
Median Home Value (Census)$447,900
Estimated 2026~$515,000
Median Rent$1,806/mo
Median Property Tax$4,755/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income13.8%
Severely Rent-Burdened28.0%

Housing Age

Built 2010 or later331
Built 2000-2009400
Built 1990-1999196
Built before 196083
Median Year Built2003
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.