A typical Hanover home is worth about $226,000
Up 5.8% in a year, 13% below the Indiana typical home.
Up 42.7% in five years
Faster than Indiana (28.9%).
Show as a table
| January | Hanover | Indiana |
|---|---|---|
| 2017 | $105,000 | $135,000 |
| 2018 | $117,000 | $144,000 |
| 2019 | $124,000 | $154,000 |
| 2020 | $134,000 | $164,000 |
| 2021 | $146,000 | $183,000 |
| 2022 | $165,000 | $209,000 |
| 2023 | $182,000 | $227,000 |
| 2024 | $194,000 | $237,000 |
| 2025 | $207,000 | $249,000 |
| 2026 | $218,000 | $256,000 |
| August 2026 | $226,000 | $260,000 |
A typical Hanover home worth $100K in September 2016 is worth about $226K today.
How Hanover ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 3.4 years of income
About the same as across Indiana. Try your own numbers below.
That covers a typical Hanover home, with $40K to spare.
A two-bedroom rents for about $1,090 a month here, $220 less than owning.
How Hanover ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hanover’s typical property tax (0.66% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,090
Renters already here pay a median of $950, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Louisville, KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
73% of Hanover households own their home
Half of Hanover’s homes were built before 1974.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Hanover vs. its neighbors
Hanover is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hanover | $226K | +5.8% | $1,090 | — | $66,019 |
| Saluda | $166K* | +7%† | $1,210 | — | $77,813 |
| Republican | $228K* | +7.9%† | $1,320 | — | $97,109 |
| Madison | $248K | +4.8% | $960 | — | $61,237 |
| Madison | $203K* | +5.4%† | $960 | 19 | $61,183 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Hanover
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Hanover buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.