Zip lookup · IN

47243
Hanover, Indiana.

Hanover, Jefferson County, IN · Madison, IN metro · population 6,225

What it costs per month · 47243 $1,164/mo

to buy the typical home at today's mortgage rate — +$685 (+143%) since Jan 2020.

What the home itself did
1 year
Up $11,903 +6%
$209,823$221,726 since Sep 2025
5 years
Up $66,593 +43%
$155,133$221,726 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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 47243 $1,164 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 47243$1,164
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 10 years.

Typical home values in zip 47243 rose 5.7% over the past year — faster than the nation's +1.2%.

Zillow also publishes an index for the city itself: Hanover, IN — measured over the city limits, which is a different area from this zip.

Typical home value $221,726 as of Sep 2026
+5.7%year on year

Typical home value — 47243

Mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 47243 $221,726 Madison $237,971 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • 47243$221,726
  • Madison$237,971
  • United States$366,157

Within 20 miles

Miles sorted ascending, activate to sort descending Zip activate to sort by Zip City activate to sort by City Population activate to sort by Population Rent activate to sort by Rent Home value activate to sort by Home value
6.2 47147 Nabb 1,317 — $284,560
6.3 47138 Lexington 4,859 — $252,745
6.9 40045 Milton 3,251 — $228,078
8.1 47162 New Washington 514 — $229,260
9.8 40006 Bedford 5,068 — $247,102
10.9 47141 Marysville 1,584 — $305,375
11.7 47230 Deputy 2,086 — $229,358
12.1 40077 Westport 678 — $335,412
12.2 47250 Madison 22,884 $1,500 $241,132
14.0 47163 Otisco 1,335 — $293,232
14.5 40055 Pendleton 1,942 — $348,982
15.6 47231 Dupont 675 — $225,845
16.4 47111 Charlestown 17,738 $1,579 $306,848
16.9 47227 Commiskey 1,177 — $266,813
16.9 41008 Carrollton 7,698 — $181,302
17.0 47177 Underwood 1,782 — $255,433
17.1 40026 Goshen 5,975 — $511,730
17.3 47270 Paris Crossing 510 — $236,601
17.6 40031 La Grange 26,259 $1,907 $390,850
17.9 47102 Austin 6,659 — $157,861
18.1 47126 Henryville 4,372 — $326,275
18.5 40070 Sulphur 360 — $274,182
19.4 40011 Campbellsburg 2,379 — $232,781
19.7 47170 Scottsburg 15,451 — $212,553

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.