All Countries
Hanover, MN
Full City Profile · Minnesota · Hennepin County County
4.0
/5.0
A
Great
3,495
Population
637/sq mi density
$147,944
Median Income
$52,771 per capita
$421,700
Home Value
$443,613 Zillow
$1,806
Median Rent
24.9% income on rent
44°F
Avg Temperature
270 sunny days/yr
41
Violent Crime/100K
2,340 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$147,944 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$421,700 home value, $1,806/mo rent
F
Safety
1.0 / 5.0
41 violent crimes/100K
A+
Education
4.8 / 5.0
47.8% bachelor's degree or higher
Housing Overview
Median Home Value
$421,700
50% above
US avg: $281,900
Median Rent
$1,806/mo
55% above
US avg: $1,163/mo
Homeownership Rate
91.9%
41% above US avg (65.4%)
Total Housing Units
1,156
Median year built: 2003
Home Value by Source
Census Median
$421,700
Zillow (ZHVI)
$443,613
Median Sale Price
$492,450
Median List Price
$482,260
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.9%
Owner-Occupied
8.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,806/mo
Market Indicators (Redfin)
Median Days on Market
87 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
30.8%
of listings with price reduction
Price Per Sq Ft
$240
Active Inventory
26
homes for sale
Affordability & Housing Stock
Rent Burden
24.9%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
2003
Average age of housing stock: 23 years
Homeownership Rate
91.9%
Complete Housing Data
Home Values
| Census Median Value | $421,700 |
| Zillow Home Value (ZHVI) | $443,613 |
| Median Sale Price | $492,450 |
| Median List Price | $482,260 |
| Price Per Sq Ft | $240 |
Rent
| Census Median Rent | $1,806 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 87 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 30.8% |
| Homes Sold | 8 |
| Active Inventory | 26 |
| Price Per Sq Ft | $240 |
Ownership & Stock
| Owner-Occupied | 91.9% |
| Renter-Occupied | 8.1% |
| Homeownership Rate | 91.9% |
| Total Housing Units | 1,156 |
| Median Year Built | 2003 |
| Rent Burden | 24.9% |