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According to statistics, the population in Hanover, PA amounts to 15,506, which shows decline 1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $47,660, shifting growth 5% from the past year, and the average property value in Hanover, PA growth 2% to $155,400 throughout the year.
|Number Of Employees||7,648|
|Median Property Value||$155,400|
The average household income in Hanover, PA grew from $45,241 to $47,660 in the past year. This data is an estimate based upon 6,565 households in Hanover, PA . The chart below presents how household income is distributed in Hanover, PA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hanover, PA shifted from $152,500 to $155,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hanover, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hanover, PA properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hanover, PA compared to median property taxes around the country. The prevalent amount of property taxes in Hanover, PA equals $3000, which is less than the national average.
|Apartment Size||May||vs Last Month|
|2 bed apartments||$141,950||N/A|
|3 bed apartments||$261,899||+10.4%|
|4+ bed apartments||$308,073||+6.3%|
During May 2021, the average price for an apartment in/near Hanover, PA increased by 14.7% to $289,184.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $141,950. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $261,899. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $308,073 for a big-family home.
|Listing Type||May||vs Last Month|
|Townhouses for sale||$208,583||N/A|
|Houses for sale||$277,953||+2.1%|
|Lofts for sale||$401,490||N/A|
According to statistics, average house is still $277,953 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $401,490. Value of the townhouses didn’t change, the price still starts at $208,583.
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