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Cheap Homes in Hanover, MN

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Hanover, MN Foreclosures

How much do homes sell for in Hanover, MN?
The average home price is currently $499,526.
What’s the average rental cost in Hanover, MN?
The average rental price in Hanover is $2,169.
What is the most expensive home in Hanover?
The most expensive home sold in Hanover had a price of $2,005,334.
What is currently the cheapest priced home in Hanover, MN?
The cheapest home for sale in Hanover is priced at $85,386.

Living in Hanover, MN

Hanover, MN is a picturesque city situated along the northern edge of the Minneapolis metropolitan area. The city offers a peaceful environment with beautiful parks and convenient access to nearby urban areas. Residents enjoy a blend of suburban living with various amenities, making it an ideal place for families and professionals alike.

Current Market Conditions in Hanover, MN

The Hanover real estate market has been experiencing a steady increase in property values due to the city's desirable location and growing community. Homes in the area have been selling quickly, and inventory levels remain relatively low, indicating a competitive market for buyers. New developments are attracting families looking for a welcoming neighborhood with excellent schools and parks.

Home Value Estimator For Hanover, MN

There are currently 1,097 real estate properties in Hanover, MN, with a median automated valuation model (AVM) price of $456,330.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hanover, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hanover, MN, is $499,526.00, with the most expensive house in Hanover, MN, topping out at $2,005,334.00 and the cheapest home in Hanover, MN, clocking in at $85,386.00. In other words, there’s something for every potential homebuyer or savvy investor in Hanover, MN!

Rent Prices In Hanover, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hanover, MN, is on a rollercoaster ride. The average rent price in Hanover, MN, is $2,169.00. Indeed, when looking to rent in Hanover, MN, you can expect to pay as little as $1,260.00 or as much as $5,320.00, with the average rent median estimated to be $2,120.00. The good news is that finding an affordable and desirable property to rent in Hanover, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Hanover, MN


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