Hanover, Maryland.
Typical home $529,568 (+0.1% in a year), asking rent $2,669 (+1.9%). Baltimore-Columbia-Towson, MD metro.
to buy the typical home at today's mortgage rate — +$1,281 (+85%) since Jan 2020.
- 1 year
- Up $772 +0%
- $528,796$529,568 since Sep 2025
- 5 years
- Up $55,341 +12%
- $474,227$529,568 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Hanover$2,780
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 31 years.
Typical home values in Hanover, MD rose 0.1% over the past year — slower than the nation's +1.2%.
Asking rents in Hanover, MD rose 1.9% over the past year — slower than the nation's +2.7%.
Owning the typical home in Hanover runs $1,051/mo more than renting one. The gap peaked at $1,262 in Oct 2023.
That is $3,720 a month against $2,669 rent: a $2,780 mortgage payment, plus $373 property tax and $567 insurance & upkeep.
Owning vs renting — Hanover
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,720
- Renting$2,669
- Mortgage only$2,780
Property tax · $373/mo 0.85% of value a year — the ACS 2020-2024 median bill over the median home value for Anne Arundel County, MD
Insurance & upkeep · $567/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Hanover, Anne Arundel County, Maryland
The Census does not count Hanover on its own, so the figures here are Anne Arundel County's. Half the county's households earn more than $124,911 a year and half less; 6% of the county's people live below the poverty line. 75% of the county's homes are lived in by their owners and 25% are rented. Unemployment in Anne Arundel County was 3.4% in August 2026, and the county had 1.6% more jobs in 2025 than the year before. The most people in Anne Arundel County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Hanover is in Anne Arundel County, Maryland, in the land between Baltimore and Washington. Across the county, most homes are lived in by their owners, and the typical resident is in middle age. Winters are cold and bring snow, summers are warm, and rain falls throughout the year.
Work. Many residents work in schools, hospitals and social care, professional and business services, government, or retail. Across the county, jobs grew slightly over the past year, and unemployment has eased compared with a year earlier. Working from home is less common than commuting, and the typical trip to work is a moderate drive.
Things to do. Oriole Park at Camden Yards and M&T Bank Stadium are both stadiums a short drive away, which suits sports fans. The Smithsonian Institution, a museum a longer drive away, is a good choice for a full day out in Washington.
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- 224,748households
- 39.0median age
- 46%of adults have a degree
- 6%below the poverty line
- 29 mintypical commute
- 18%work from home
What people in Anne Arundel County work in
Employed residents by industry, from the Census survey. Anne Arundel County had 293,059 jobs in 2025, 1.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 43° and lows near 25°; warmest in July, with highs near 89° and lows near 68°. About 19 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Baltimore Wash International Airport weather station, 2 miles away (NOAA).
Largest workplaces in Anne Arundel County
- Anne Arundel County Public SchoolsSchool district11,336FTE
- Northrop Grumman SystemsSearch detection navigation guidance aeronautical and nautical system and instrument manufacturing6,206
- Southwest AirlinesScheduled passenger air transportation5,460
- Anne Arundel Medical CenterGeneral hospital2,463FTE
- Keller North AmericaFoundation, building, poured concrete, contractors2,462
- Baltimore Washington Medical CenterGeneral hospital2,193FTE
- Northrop Grumman SystemsSearch detection navigation guidance aeronautical and nautical system and instrument manufacturing2,091
- Anne Arundel Community CollegeTwo-year college1,717
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 405 workplaces with 20 or more staff, 72,512 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- LightningRelatively high
- Strong windRelatively high
- Heat wavesRelatively moderate
- HurricanesRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Anne Arundel County, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Anne Arundel County and the Baltimore-Columbia-Towson, MD metro.
Hanover home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Hanover$529,568
- Maryland$424,890
- United States$366,157
Sellers are cutting prices on about 1 in 3 Hanover listings, and the typical home goes pending in 16 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Hanover33.60%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Hanover16
- United States24
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Hanover71
New listings per month
Sellers arriving at the market.
- Hanover28
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Hanover$526,680
- United States$371,553
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Hanover100.27%
Zip codes with a Hanover address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Hanover — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.