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Hanover, IN
Full City Profile · Indiana · Jefferson County County
3.1
/5.0
B
Good
3,584
Population
1,614/sq mi density
$58,194
Median Income
$23,048 per capita
$126,300
Home Value
$213,707 Zillow
$913
Median Rent
26.4% income on rent
56°F
Avg Temperature
290 sunny days/yr
551
Violent Crime/100K
3,839 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$58,194 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$126,300 home value, $913/mo rent
F
Safety
1.0 / 5.0
551 violent crimes/100K (45% above avg)
C
Education
2.3 / 5.0
16.3% bachelor's degree or higher
Housing Overview
Median Home Value
$126,300
55% below
US avg: $281,900
Median Rent
$913/mo
21% below
US avg: $1,163/mo
Homeownership Rate
67.8%
4% above US avg (65.4%)
Total Housing Units
1,063
Median year built: 1972
Home Value by Source
Census Median
$126,300
Zillow (ZHVI)
$213,707
Median Sale Price
$180,000
Median List Price
$160,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.8%
Owner-Occupied
32.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$913/mo
Market Indicators (Redfin)
Median Days on Market
44 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
21.4%
of listings with price reduction
Price Per Sq Ft
$79
Active Inventory
14
homes for sale
Affordability & Housing Stock
Rent Burden
26.4%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
67.8%
Complete Housing Data
Home Values
| Census Median Value | $126,300 |
| Zillow Home Value (ZHVI) | $213,707 |
| Median Sale Price | $180,000 |
| Median List Price | $160,000 |
| Price Per Sq Ft | $79 |
Rent
| Census Median Rent | $913 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 44 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 21.4% |
| Homes Sold | 1 |
| Active Inventory | 14 |
| Price Per Sq Ft | $79 |
Ownership & Stock
| Owner-Occupied | 67.8% |
| Renter-Occupied | 32.2% |
| Homeownership Rate | 67.8% |
| Total Housing Units | 1,063 |
| Median Year Built | 1972 |
| Rent Burden | 26.4% |