The median home in Hanover, Massachusetts is valued at $788,176, up 3.5% year over year. Typical monthly rent is $2,808, producing a price-to-rent ratio of 23.4x — well above the national average of 18x. Hanover is part of the Boston-Cambridge-Newton, MA-NH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Boston-Cambridge-Newton, MA-NH stress score, crash risk, and 12-month forecast →

Home Value$788,176

+3.5%

Rent$2,808/mo

AFFORDABILITY

Enter your income for Hanover.

Income (annual)

Down Payment

$157,635 on $788,176

Out of reach — 78.8% of income

Need $211,029/yr to afford.

PITI$4,924

P/I78.8%

Afford$280K

Gap-$508K

P&I $3,985Tax $788Ins $150

Renting $2,116/mo cheaper ($2,808 rent)6.50% 30yr, 20% down, county tax + MA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Massachusetts

Compare Hanover with other housing markets across Massachusetts.

Nantucket$2970K Chilmark$2283K Weston$2182K Wellesley$1946K Edgartown$1773K Aquinnah$1729K Dover$1715K West Tisbury$1597K

Full Boston-Cambridge-Newton, MA-NH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Boston-Cambridge-Newton, MA-NH metro.

View Boston-Cambridge-Newton, MA-NH metro →

HANOVER, MA