Housing · Hanover
Hanover, MI housing market
The typical Hanover home is worth about $246,000, up 4.9% in a year, 8% below the Michigan typical home.
Home values, sales, trends and how Hanover compares with the towns next door — updated as new data is published.
The market right now
Hanover at a glance
Typical home value
$246K
▲ 4.9% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
HanoverMichigan
Show as a table
| January | Hanover | Michigan |
|---|---|---|
| 2017 | $137,000 | $144,000 |
| 2018 | $142,000 | $155,000 |
| 2019 | $160,000 | $165,000 |
| 2020 | $175,000 | $175,000 |
| 2021 | $193,000 | $194,000 |
| 2022 | $208,000 | $217,000 |
| 2023 | $213,000 | $230,000 |
| 2024 | $224,000 | $241,000 |
| 2025 | $234,000 | $253,000 |
| 2026 | $240,000 | $262,000 |
| August 2026 | $246,000 | $266,000 |
Next door
Hanover and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Hanover | $246K | +4.9% | — | $81,477 |
| Spring Arbor | $281K | +2.7% | — | $87,316 |
Affordability
3 years of income
The typical Hanover home costs about 3 years of the town's median household income, less than across Michigan (3.7 years).
How Hanover ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
92.9%
Michigan: 73.2%
Median tax bill
$2,711
Michigan: $2,904
Median rent
$925
Michigan: $1,129
Typical home built
1973
Michigan: 1972
U.S. Census Bureau, ACS 2020-2024.
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. Listings link to their publishers.