Hanover, MN Real Estate
According to census data in the year 2000 there were 456 housing units in Hanover.
This represents a 70.1% growth from 268 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 456 were located in what is classified as a rural area.
Homeownership rate in Hanover is about 93.4%.
Hanover's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 3.13 people.
The majority of houses, apartments or condos in Hanover were built after 1986.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.20% |
| Two Bedrooms | 9.40% |
| Three Bedrooms | 44.10% |
| Four Bedrooms | 34% |
| Five Bedrooms or more | 8.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $170,000 |
| Median Price asked for vacant units | $155,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.60% |
| Home Equity Loan | 22.90% |
| Simple Mortgage | 54.20% |
| Debt Free | 10.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
