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Hanover

Hanover

Located in Morris County

$789,035 Average Value
$327 Average Price per Sq Ft
2 Homes For Sale

Suburban Hanover has community parks and access to Morristown

The suburban township of Hanover sits at the intersection of Morris County’s major highways. This location serves as a nice landing spot for Big Apple commuters, and there are also several large offices in the area for people working locally. The busy Interstate 287 separates smaller neighborhoods, such as Cedar Knolls and Whippany, from one another, and though Hanover has parks and local restaurants, the popular Morristown to the south is a bigger stop for shopping, dining and access to New Jersey Transit.

The Frelinghuysen Arboretum provides ample space for a picnic.
The Frelinghuysen Arboretum provides ample space for a picnic.
There are several parks, including this community playground in the area.
There are several parks, including this community playground in the area.
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Postwar suburban homes with low property taxes in Morris County

The median sale price for a home in Hanover is $701,000, slightly higher than the median sale price for Morris County. But residents experience lower costs elsewhere. “There are lower property taxes here compared to many of the surrounding areas,” says Lois DeCaro, a Hanover local and associate broker with Fathom Realty NJ LLC. Hanover residents benefit from some of the lowest average property taxes in Morris County, including neighboring communities like Florham Park Borough and Morris Plains Borough.

Within Hanover, different communities offer different housing options and personalities. Cedar Knolls has a straightforward blend of Cape Cods, split-levels and ranch-style homes built from the 1950s through the early 2000s. Across I-287 in Whippany is a more diverse mix of single-family homes, new-construction townhouses and condo communities.

Hanover has quiet neighborhoods with well-kept streets.
Hanover has quiet neighborhoods with well-kept streets.
Some subdivisions have smaller and more cozy homes.
Some subdivisions have smaller and more cozy homes.
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I-287 business corridor and Manhattan commute options

Manhattan is a 32-mile drive east along New Jersey Route 3 or Interstate 280. Newark Liberty International Airport is around 22 miles east and offers domestic and international flights. The Morris Plains and Morristown New Jersey Transit stations are less than 5 miles from home, so commuters can take Midtown Direct Line trains to Penn Station in just over an hour. “People here work all over,” says DeCaro. “Many take Midtown trains, but there are so many major corporations around here, so the job market serves as another benefit to buying here.” I-287 serves as a nearby business corridor, home to Whippany's offices for the Bayer Corporation and Barclays.

Central Taqueria is a great option for Mexican tortias.
Central Taqueria is a great option for Mexican tortias.
Fantastic restaurants can be found near Cedar Knolls in Morristown.
Fantastic restaurants can be found near Cedar Knolls in Morristown.
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Hiking at Central Park and Bee Meadow Park

In Central Park, residents can stroll along a nature trail beside a churning creek, play soccer on the field or work out at the outdoor exercise area. Malapardis Park in Cedar Knolls has a playground and a scenic fountain lake with benches. Bee Meadow Park in Whippany has nature trails and fishing ponds. It's also a regional landmark, as it was built on the site of a 19th-century brickyard.

There's great fishing to be found at Bee Meadow Park.
There's great fishing to be found at Bee Meadow Park.
Central Park has an ice hockey rink in the winter time.
Central Park has an ice hockey rink in the winter time.
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Local shopping options and downtown Morristown next door

The Cedar Knolls area has a Walmart and a ShopRite for groceries. To the east in Whippany is a corridor of local businesses along New Jersey Route 10. Whippany Diner offers Mediterranean brunch dishes, while Trattoria Toscana serves Italian classics and craft cocktails. “We’re also next door to Morristown with a vibrant downtown full of shops, restaurants, clubs and a farmers market,” says DeCaro. Morristown is a couple of miles south, where locals can get tikka masala and chili chicken from Chakra Indian Cuisine, cocktails with surf-and-turf at 1776 Morristown, or pork buns and sushi at Ju-Ichi Japanese Restaurant.

Morristown Medical Center serves the Hanover area.
Morristown Medical Center serves the Hanover area.
ShopRite makes going to the pharmacy a breeze.
ShopRite makes going to the pharmacy a breeze.
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Hanover Township School District for K-8, another for high school

Hanover Township School District teaches kindergarten through eighth-grade students. Depending on their home address, kindergarten through fifth-grade students can attend either Bee Meadow School, which gets a B-plus from Niche, A-minus-rated Mountview Road School or A-minus-rated Salem Drive School. Memorial Junior High School receives a B-rating. Students in Hanover attend Whippany Park High School, one of two total schools in the Hanover Park Regional High School District. Whippany Park High earns an A-minus and offers the Senior Service Project Program, which allows rising seniors to do community service projects before graduation.

Memorial Junior High School is part of the Hanover school district with 471 students.
Memorial Junior High School is part of the Hanover school district with 471 students.
Public high school students in Cedar Knolls attend Whippany Park High School.
Public high school students in Cedar Knolls attend Whippany Park High School.
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Maxwell Olarinde
Written By
Maxwell Olarinde
Brendan Rogers
Photography Contributed By
Brendan Rogers
Grace Kim
Video By
Grace Kim

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

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Parks in this Area

Hanover Housing Trends

Housing Trends

Median List Price
$813,340
Median Sale Price
$813,340
Median Single Family Sale Price
$1,100,000
Median Townhouse Sale Price
$645,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
4
Median Home Sale Price YoY Change
29%
Average Price Per Sq Ft
$327

Area Facts

Number of Homes
37
Number of Homes for Sale
2
Median Year Built
2013
Months of Supply
6.00
Average Single Family Home Size Sq Ft
3,114
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
2,039

Open Houses

  • Saturday, Nov 1
    Open Sat 1PM - 4PM

    Route 10 E E Route 10 Unit 48 1B, Par-Troy Hills Twp., NJ 07950

    $225,000

    • 1 Bed
    • 1 Bath
    • Route 10 E E Route 10
    • Unit 48 1B
    • New 15 days ago

    One of the best, quiet and very desirable community in the area, MOUNTAIN CLUB! A life style of comfort and convenience, very accessible to major hiways, restaurants, shopping malls. This unit has a lots of upgrades, crown molding, updated kitchen, new appliances. hardwood flrs throughout the unit. It has very spacious rooms filled with natural light and scenic views. Amenities includes

    Evangelina Espiritu Century 21 Gemini Realty, Upper Montclair

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  • Wednesday, Oct 29
    Open Sat 12PM - 4PM

    26 Gladstone Ct, Whippany, NJ 07981

    $917,045

    • 3 Beds
    • 3.5 Baths
    • 2,783 Sq Ft
    • 26 Gladstone Ct
    • New 3 days ago

    Final Opportunities! Come home to this beautiful 2-level Monterey townhome!! Open concept living space with large windows and sliding glass door leading to a wonderful outdoor space. Our bright and airy kitchen includes all stainless steel appliances including a microwave & wall oven, 4 burner cook top, and range hood-Perfect for entertaining! Beautifully finished basement features 9' ceilings

    Debra Glatz LENNAR

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  • Wednesday, Oct 29
    Open Sat 12PM - 4PM

    14 Gladstone Ct, Whippany, NJ 07981

    $918,995

    • 3 Beds
    • 3.5 Baths
    • 2,783 Sq Ft
    • 14 Gladstone Ct
    • New 3 days ago

    Limited inventory! Come home to this beautiful 2-level Monterey townhome!! Open concept living space with large windows and sliding glass door leading to a wonderful outdoor space. Our bright and airy kitchen includes all stainless steel appliances including a microwave & wall oven, 4 burner cook top, and range hood-Perfect for entertaining! Beautifully finished basement features 9' ceilings and

    Debra Glatz LENNAR

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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
14,731
Median Age
47
Population under 18
20.3%
On par with the national average
23.8%
Population over 65
23.4%
On par with the national average
19.1%

Finances

Median Household Income
$141,469
Significantly above the national average
$71,702
Average Household Income
$166,036

Education and Workforce

High School Graduates
95.7%
College Graduates
57.1%
Above the national average
34.1%
Advanced Degrees
25.7%
Above the national average
13.3%
% Population in Labor Force
72.3%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
19°F
Average Summer High Temperature
85°F
Annual Snowfall
16''

Area Factors

Somewhat Bikeable

Bike Score®®

35 / 100

Car-Dependent

Walk Score®®

25 / 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