The median home in Hanover, Maryland is valued at $525,035, down 0.4% year over year. Typical monthly rent is $2,345, producing a price-to-rent ratio of 18.7x — near the national average of 18x. Hanover is part of the Baltimore-Columbia-Towson, MD metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$525,035

-0.4%

Rent$2,345/mo

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$105,007 on $525,035

Example: $75,000 household income. Change it above to see your own.

Out of reach52% of income

Need $139,200/yr to afford.

PITI$3,248

P/I52%

Afford$283K

Gap-$242K

P&I $2,655Tax $459Ins $133

Renting $903/mo cheaper ($2,345 rent)6.50% 30yr, 20% down, county tax + MD ins. 28% per HUD.

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

Other cities in Maryland

Compare Hanover with other housing markets across Maryland.

Gibson Island$2.94M Chevy Chase View$1.43M Potomac$1.35M Glen Echo$1.29M Cabin John$1.25M Chevy Chase$1.2M Bethesda$1.11M Dayton$1.06M

Full Baltimore-Columbia-Towson, MD analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Baltimore-Columbia-Towson, MD metro.

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Hanover, MD