Hanover, Minnesota.
Typical home $456,024 (+1.0% in a year). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,170 (+96%) since Jan 2020.
- 1 year
- Up $4,491 +1%
- $451,533$456,024 since Sep 2025
- 5 years
- Up $49,410 +12%
- $406,614$456,024 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$2,394
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 30 years.
Typical home values in Hanover, MN rose 1.0% over the past year — in step with the nation.
Living in Hanover, Wright County, Minnesota
Hanover is a city of 3,548 people in Wright County. Half its households earn more than $156,536 a year and half less, against $107,209 across Wright County; 1% of its people live below the poverty line. 93% of its homes are lived in by their owners and 7% are rented. Unemployment in Wright County was 4.5% in August 2026, and the county had 1.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 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 It can be wrong or out of date.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 a small city in Wright County where nearly everyone owns the home they live in, and very few households live below the poverty line. Incomes run well above the county's, and the typical home is worth a good deal, so it is a settled, comfortable sort of place. Residents are on the younger side, and a four-year degree is common among adults. Winters are cold, with January highs and lows both below freezing and a good deal of snow, while July is warm and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, with others in manufacturing, banks, insurance and property, and shops. Across Wright County, some of the largest workplaces are St. Michael-Albertville Schools, Buffalo-Hanover-Montrose Schools and Landscape Structures, which makes playground equipment. Commutes are fairly long, and a good number of residents work from home. Unemployment in the county is a little higher than a year ago, though the county has added a few more jobs.
Things to do. The Crow River is a short drive away and a pleasant place to be outdoors. For a day out, the Minneapolis Institute of Art and the Walker Art Center are museums a longer drive away, and Lake Minnetonka is a larger lake in the same direction. Sports fans can head to U.S. Bank Stadium or Target Field, also a longer drive off.
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- 1,169households
- 52%of adults have a degree
- 1%below the poverty line
- 31 mintypical commute
- 27%work from home
What residents work in
Employed residents by industry, from the Census survey. Wright County had 49,245 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 3°; warmest in July, with highs near 81° and lows near 61°. About 40 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Buffalo 2NE weather station, 9 miles away (NOAA).
Largest workplaces in Wright County
- MP NexlevelUnderground cable laying822
- St. Michael-Albertville SchoolsSchool district766FTE
- Landscape Structures - PLAYGymnasium and playground equipment, manufacturing732
- Dist OfficeK-12 education651
- Buffalo-Hanover-Montrose SchoolsSchool district639FTE
- Michels Utility Services Inc-MN-OstegoCompressor, metering and pumping station, gas and oil pipeline, construction545
- MasterBrand CabinetsManufacturer of kitchen and bath cabinetry521
- Monticello Public School DistrictSchool district468FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 202 workplaces with 20 or more staff, 23,524 people in all across the county; Hanover has two of its own. School districts come from the Common Core of Data (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
- Strong windRelatively high
- Hailrelatively high in parts of HanoverRelatively moderate
- Tornadoesrelatively high in parts of HanoverRelatively moderate
- Winter weatherRelatively moderate
- Heat wavesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Hanover’s census tracts, against the rest of the country; all of them together, relatively low. 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 Wright County and the Minneapolis-St. Paul-Bloomington, MN-WI 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$456,024
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 3 Hanover listings — 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.
- Hanover33.74%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Hanover29
New listings per month
Sellers arriving at the market.
- Hanover9
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.