Hanover, MI housing market
The median sale price was $419,000 in February 2026.
Home values, sales, trends and how Hanover compares with the towns next door — updated as new data is published.
Hanover at a glance
Only 1 sale in February 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
1 new home permitted in 2025
Builders were permitted 1 new home in Hanover in 2025. Over the past 10 years, Hanover has permitted 1 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hanover gained 31 residents with no new homes permitted, so the growth came from existing homes. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $275,000 |
| 2025 | 1 | 1 | 0 | $275,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $40,000 |
| 2006 | 1 | 1 | 0 | $40,000 |
| 2005 | 2 | 2 | 0 | $80,000 |
| 2004 | 2 | 2 | 0 | $80,000 |
| 2003 | 2 | 2 | 0 | $80,000 |
| 2002 | 2 | 2 | 0 | $80,000 |
| 2001 | 1 | 1 | 0 | $40,000 |
| 2000 | 3 | 3 | 0 | $240,000 |
How Hanover ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,160
HUD's Fair Market Rent for a two-bedroom in Hanover is $1,160 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hanover pay a median of $978, so moving in tends to cost more than staying put.
Studio $830 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49241; Jackson, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Hanover
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, February 2026. 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.