Hanover, PA Real Estate
According to census data in the year 2000 there were 6,982 housing units in Hanover.
This represents a 5.4% growth from 6,622 in 1990.
Of those housing units, 6,982 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Hanover is about 55.5%.
Hanover's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Hanover were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 17.60% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 40.60% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $97,300 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $416 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 39.60% |
| Debt Free | 44.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
