Hanover Park is a medium-sized city located in the state of Illinois. The city has a population of 38,331 inhabitants. In Hanover Park, there are 6,047 people per square mile, which is well above the national population density average. More than a quarter of the residents of Hanover Park identify themselves as Hispanic or Latino, and 34% of the population speak Spanish as their primary or secondary language. 76% of the people in Hanover Park (over the age of 15) are married and 50% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Hanover Park could be a positive experience compared to other cities in Illinois if you know where to search. To help you find the best places to live in and around Hanover Park, AreaVibes has created a livability score using key metrics like amenities, cost of living, weather, education and more.
Hanover Park has a livability score of 74 out of 100 and is ranked #133 in Illinois and #6,469 in the USA. There are seven total categories that generate the livability score. Hanover Park scores well for amenities (A+), crime (A+) and housing (A-). On a more negative note, Hanover Park does not have favorable scores for the following: cost of living (D-), weather (D-) and education (F). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Hanover Park, there is no shortage of amazing local amenities and interesting things to do.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 105 crimes per 100,000 residents, Hanover Park has a violent crime rate that is far below the national average.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Hanover Park apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Hanover Park real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Hanover Park. The median home price for Hanover Park homes is $168,100, which is 3.8% lower than the Illinois average. If we take a closer look at the affordability of homes in Hanover Park, we’ll see that the home price to income ratio is 2.4, which is 20% lower than the Illinois average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Hanover Park will offer some insight into determining if your home purchase will be a solid investment for years to come. In Hanover Park, the year-over-year appreciation rates were 9.9%, and the 5 year appreciation rates came in at 7.7%.
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