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Hanover

Hanover

Located in Jefferson County

$238,454 Average Value
$152 Average Price per Sq Ft
13 Homes For Sale

Hanover is a sleepy river town with a historic private college

The small town of Hanover, Indiana, is home to 3,500 people and a private university on the west bank of the Ohio River. “Hanover is a little farming community, but the college has also been a draw to the area for over 100 years,” says area native Scott Lynch, owner and broker at the F.C. Tucker Scott Lynch Group. “In recent years, it’s become a bedroom community for Louisville, Kentucky, since it’s about an hour north. There’s no real industry to speak of — that’s all up the river in Madison, so it’s stayed very rural. There are some homes, a post office and a grocery store. That’s about all there is to it.”

Ranch-style homes and cottages in quiet, wooded neighborhoods

Ranch-style homes, many built between 1940 and 1980, and older cottages from the turn of the century can be found on quiet, wooded streets. Prices start around $125,000 to $150,000. “There’s been some new construction on a couple of subdivisions lately as well,” Lynch says. The newer properties are often ranch-style homes, with Modern Traditionals in the mix. “Three Bends is the more affordable of the two areas, costing around $250,000. Over in Jefferson Manor, they’ll be pricing in the high-$300,000s and low-$400,000s.”

Hanover College adds the appeal of history to small school district

Founded in 1827, Hanover College is a major draw for the area. The campus sits on the west side of town along the banks of the Ohio River, with about 1,000 undergraduates and 35 majors. “Lots of people who move here started out at the college,” Lynch says. “They have fond memories, and they want to move back.” Younger students in Hanover attend Southwestern Elementary School, rated B by Niche. Southwestern Middle School receives a C-plus, and Southwestern Senior High gets a B-minus.

Highways 56 and 62 lead to Madison and Louisville, Kentucky

A pair of two-lane country highways serve as the main commuter lanes. “Highway 62 takes you from Hanover straight down to Louisville, which is about an hour trip,” Lynch says. Louisville is home to the closest international airport. The closest medical center, Carroll County Memorial Hospital, is also in Kentucky, albeit in the opposite direction. “Highway 56 goes the other way, east to Carroll County in Kentucky, which is a common commute for work. Most local industry is in Madison, which is about 6 miles up the road.”

The Ohio River and recreation facilities offer year-round fun

Hanover Park on the south side of town has several baseball diamonds, tennis courts and walking trails. Just down Clifford Duke Drive is Butler Falls, a public 18-hole golf course. The college’s campus also offers recreational amenities, including tennis courts, baseball fields and trails through the woods to the river. “Being right on the river is another draw for the area,” Lynch says. “Fishing, canoeing and kayaking are all big in the summer. And the deer hunting around town is great — just what you’d expect from a rural place in Indiana.”

Limited options in town, with more options a short trip upriver

While Pride Supermarkets, Dollar General and CVS are all available in town, residents of Hanover will likely need to travel for more extensive selections. “Hanover doesn’t have anything like a shopping district, just a couple of small food places along the highway,” Lynch says. “Most of the shopping is over in Madison, where they have a Walmart and one of the largest historic districts in the country.” The Madison Historic District is home to restaurants like the Off Broadway Taproom and Red on Main, but those who prefer to stay in Hanover for the evening can order takeout from Jendy’s Pizzeria or enjoy some homestyle cooking at Grumpy’s Diner.

Hugh Taylor
Written By
Hugh Taylor

Interested in learning more about homes in this area? Reach out to Ann Osterhoudt, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Hanover Housing Trends

Housing Trends

Median List Price
$239,900
Median Sale Price
$200,000
Median Single Family Sale Price
$219,950
Median Change From 1st List Price
3%
Last 12 months Home Sales
61
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$152

Area Facts

Number of Homes in Neighborhood
1,391
Number of Homes for Sale
13
Median Year Built
1975
Months of Supply
2.60
Average Single Family Home Size Sq Ft
1,590
Below the national average
1,924
Average Townhouse Size Sq Ft
1,380
Median Lot Size Sq Ft
14,810

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Hanover Has More Owners

Demographics

Total Population
3,655
Median Age
30
Population Density
4 ppl/acre
Population under 18
26.9%
On par with the national average
23.8%
Population over 65
15.2%
On par with the national average
19.1%

Finances

Median Household Income
$50,645
Significantly below the national average
$71,702
Average Household Income
$70,187

Education and Workforce

High School Graduates
91%
College Graduates
13.9%
Below the national average
34.1%
Advanced Degrees
6%
% Population in Labor Force
52.6%
Below the national average
65.1%

Weather

Annual Precipitation
48''
Average Winter Low Temperature
23°F
Average Summer High Temperature
88°F
Annual Snowfall
7''

Area Factors

Somewhat Bikeable

Bike Score®®

26 / 100

Somewhat Walkable

Walk Score®®

50 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Hanover
Ann Osterhoudt
Lopp Real Estate Brokers
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