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Hanover, IL Home Values and Rents
The typical home value in Hanover is $114,078. Median rent is $705 a month.
- Typical home value
- $114,078
- Zillow
- Median rent
- $705/mo
- ACS 2020-2024
- Price change, 1 year
- -4.9%
- Sep 2026
- Homeownership
- 63.6%
- IL: 67.1%
Typical home value in Hanover
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Hanover |
|---|---|
| Sep 2026 | $114,078 |
| Dec 2025 | $117,495 |
| Dec 2024 | $118,765 |
| Dec 2023 | $117,563 |
| Dec 2022 | $117,466 |
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Jo Daviess County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $668 | +1.5% |
| 1 bedroom | $783 | -1.6% |
| 2 bedrooms | $959 | +0.5% |
| 3 bedrooms | $1,328 | +4.5% |
| 4 bedrooms | $1,336 | +4.7% |
Frequently asked questions
- What is the typical home value in Hanover, IL?
- The typical home value in Hanover is $114,078 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Hanover?
- The median rent in Hanover is $705 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $959.
- Are home prices going up in Hanover?
- The typical home value in Hanover changed -4.9% over one year and - over five years, as of Sep 2026.