Hanover, IL Real Estate
According to census data in the year 2000 there were 445 housing units in Hanover.
This represents a 2% decline from 454 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 445 were located in what is classified as a rural area.
Homeownership rate in Hanover is about 63.2%.
Hanover's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.01 people.
The majority of houses, apartments or condos in Hanover were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 13.30% |
| Two Bedrooms | 37.30% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 9.70% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $56,000 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.53 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $208 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 0.90% |
| Simple Mortgage | 42% |
| Debt Free | 50.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
