A typical Hanover home is worth roughly $335,000
Builders were permitted 7 new homes in 2025.
What kind of housing town is Hanover?
Read from the numbers below. The page puts what stands out first.
92% of Hanover households own their home
Half of Hanover’s homes were built before 1982.
Maine: 74% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
What it takes to buy in Hanover
Try your own numbers below.
That’s $47K short of a typical Hanover home.
A two-bedroom rents for about $1,380 a month here, $660 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Maine typical property tax (1.02% 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 $1,380
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Oxford County, ME): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Hanover in 2025, all single-family houses, worth about $2.2 million to build. Over the past 10 years, Hanover has permitted 32 homes in all.
Between the 2010 and 2020 censuses, Hanover gained 48 residents while 31 new homes were permitted: about 1.5 new residents per new home. Building and growth moved roughly in step. Across Maine: 0.9 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $932,000 |
| 2025 | 7 | 7 | 0 | $2.2 million |
| 2024 | 4 | 4 | 0 | $1.3 million |
| 2023 | 5 | 5 | 0 | $1.5 million |
| 2022 | 4 | 4 | 0 | $1.1 million |
| 2021 | 7 | 7 | 0 | $1.8 million |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 5 | 5 | 0 | $800,000 |
| 2015 | 5 | 5 | 0 | $800,000 |
| 2014 | 5 | 5 | 0 | $800,000 |
| 2013 | 5 | 5 | 0 | $800,000 |
| 2012 | 5 | 5 | 0 | $800,000 |
| 2011 | 2 | 2 | 0 | $350,000 |
| 2010 | 4 | 4 | 0 | $750,000 |
| 2009 | 8 | 8 | 0 | $843,000 |
| 2008 | 7 | 3 | 4 | $544,000 |
| 2007 | 8 | 4 | 4 | $646,000 |
| 2006 | 9 | 5 | 4 | $747,000 |
| 2005 | 9 | 5 | 4 | $747,000 |
| 2004 | 12 | 6 | 6 | $969,000 |
| 2003 | 12 | 6 | 6 | $969,000 |
| 2002 | 11 | 5 | 6 | $867,000 |
| 2001 | 8 | 4 | 4 | $646,000 |
| 2000 | 7 | 3 | 4 | $544,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Hanover vs. its neighbors
Hanover is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
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.
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. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.