Hanover Park, Illinois.
Typical home $332,396 (+4.8% in a year), asking rent $2,405 (+0.3%). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$976 (+127%) since Jan 2020.
- 1 year
- Up $15,353 +5%
- $317,043$332,396 since Sep 2025
- 5 years
- Up $85,072 +34%
- $247,324$332,396 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 Park$1,745
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Hanover Park, IL rose 4.8% over the past year — faster than the nation's +1.2%.
Asking rents in Hanover Park, IL rose 0.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Hanover Park runs $263/mo more than renting one — the widest that gap has been in this data.
That is $2,667 a month against $2,405 rent: a $1,745 mortgage payment, plus $567 property tax and $356 insurance & upkeep.
Owning vs renting — Hanover Park
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$2,667
- Renting$2,405
- Mortgage only$1,745
Property tax · $567/mo 2.05% of value a year — the ACS 2020-2024 median bill over the median home value for DuPage County, IL
Insurance & upkeep · $356/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 Park, DuPage County, Illinois
Hanover Park is a village of 37,470 people in DuPage County. Half its households earn more than $91,763 a year and half less, against $112,096 across DuPage County; 12% of its people live below the poverty line. 78% of its homes are lived in by their owners and 22% are rented. Unemployment in Hanover Park was 5.3% in August 2026, and DuPage County had 1.2% 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 Park is a village in DuPage County, in the Chicago suburbs. Most homes are lived in by their owners, though the village has more renters than across the county. Residents are younger than in many American towns, and household incomes run below the county's. Winters are cold and snowy, with January the coldest month, and summers turn warm, with July the warmest.
Work. Many residents work in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Among the larger workplaces in the village are Camcraft, a precision manufacturer, Pentair Filtration Solutions, which makes water purification equipment, and the Keeneyville school district. Fewer adults hold a four-year degree than across the county, and most people travel some distance to work, while some work from home.
Things to do. The Art Institute of Chicago and the Field Museum of Natural History are museums, and Millennium Park is a garden, all a longer drive away. For sports, Wrigley Field and Soldier Field are among the most famous stadiums, also a longer drive away.
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- 11,233households
- 29%of adults have a degree
- 12%below the poverty line
- 29 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. DuPage County had 629,392 jobs in 2025, 1.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 14°; warmest in July, with highs near 87° and lows near 61°. About 34 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Streamwood weather station, 4 miles away (NOAA).
Largest workplaces in Hanover Park
- CamcraftPrecision turned product manufacturing263
- Associated - Hanover ParkCommercial and industrial machinery repair and maintenance services249
- Keeneyville SD 20School district216FTE
- Pentair Filtration SolutionsWater purification equipment manufacturing200
- Hanover Park IL SDCMail and parcel delivery166
- MSC Industrial Supply CoIndustrial supplies merchant wholesalers160
- Menards"home centers"159
- Ignite Medical Hanover ParkSkilled nursing facility156
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 2,373 people in all. 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
- Cold wavesRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Hanover Park’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 DuPage County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Hanover Park home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Hanover Park$332,396
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 4 Hanover Park listings, and the typical home goes pending in 10 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.
- Hanover Park23.38%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Hanover Park10
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Hanover Park77
New listings per month
Sellers arriving at the market.
- Hanover Park36
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Hanover Park$310,725
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Hanover Park100.93%
Zip codes with a Hanover Park address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Hanover Park — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.