House Prices

House Prices & Home Values Hanover, IL 2026


Average Data

average house price$688,267
average size per house4244 ft²
average price per ft²163 $ / ft²

04/19/2026 - The value range (VR) for house prices in Hanover, IL is $122/ sqft to $122/ sqft. An average home with 4244 sqft costs approximately $517,768 to $517,768. Hanover, IL includes 1 ZIP codes and it is located in Jo Daviess county. The lowest prices are found in ZIP 61041, while the highest are in ZIP 61041. The average price per sqare feet is $163. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Hanover

61041134 $ / ft²




Historical development of home values in Hanover

Year Estimated value (USD) Change vs. 2025
2010 $319,644 -53.6%
2011 $307,283 -55.4%
2012 $306,456 -55.5%
2013 $317,910 -53.8%
2014 $333,718 -51.5%
2015 $350,846 -49.0%
2016 $369,155 -46.4%
2017 $389,080 -43.5%
2018 $410,590 -40.3%
2019 $429,629 -37.6%
2020 $451,839 -34.4%
2021 $513,918 -25.3%
2022 $599,113 -13.0%
2023 $631,792 -8.2%
2024 $668,342 -2.9%
2025 $688,267 0.0%

Graph: estimated home values in Hanover over time (USD)



Example: 100% financing house in Hanover

Loan amount: $688,267

Interest rate: 6.00%

Fixed monthly payment: $4,126.51

Breakdown in the 1st month:
Interest portion: $3,441.34  –  Principal portion: $685.17

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $41,066.10 $8,452.00 $679,815.00
2 $40,544.80 $8,973.30 $670,841.70
3 $39,991.35 $9,526.75 $661,314.95
4 $39,403.76 $10,114.34 $651,200.60
5 $38,779.93 $10,738.17 $640,462.43
6 $38,117.62 $11,400.48 $629,061.95
7 $37,414.46 $12,103.64 $616,958.31
8 $36,667.94 $12,850.16 $604,108.15
9 $35,875.37 $13,642.73 $590,465.42
10 $35,033.91 $14,484.19 $575,981.23
11 $34,140.56 $15,377.54 $560,603.69
12 $33,192.11 $16,325.99 $544,277.70
13 $32,185.16 $17,332.94 $526,944.75
14 $31,116.10 $18,402.00 $508,542.75
15 $29,981.10 $19,537.00 $489,005.75
16 $28,776.10 $20,742.00 $468,263.75
17 $27,496.78 $22,021.32 $446,242.43
18 $26,138.56 $23,379.54 $422,862.89
19 $24,696.56 $24,821.54 $398,041.35
20 $23,165.62 $26,352.48 $371,688.86
21 $21,540.25 $27,977.85 $343,711.02
22 $19,814.64 $29,703.46 $314,007.56
23 $17,982.60 $31,535.50 $282,472.06
24 $16,037.56 $33,480.54 $248,991.51
25 $13,972.55 $35,545.55 $213,445.96
26 $11,780.18 $37,737.92 $175,708.04
27 $9,452.59 $40,065.51 $135,642.53
28 $6,981.43 $42,536.67 $93,105.86
29 $4,357.86 $45,160.24 $47,945.62
30 $1,572.48 $47,945.62 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Hanover, IL


1500 sqft3900 sqft
Ø selling price$295,845$629,343
Ø fast selling$268,950$566,409
Ø high price sale$322,740$692,278

In 2026, houses in Hanover, IL will be offered at an average price of $163 per square foot. A 1,500 sqft home priced at $295,845 is 25.19% more expensive per square foot than a 3,900 sqft home priced at $629,343. Home prices in Hanover, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $435,700. Sellers who can wait longer may achieve a higher price of up to $532,522.


Discover Hanover, IL

Location and Character

Hanover, IL is a welcoming village in Jo Daviess County nestled along the Apple River near the Mississippi River. Known for small-town charm and Midwestern hospitality, Hanover offers a peaceful base for exploring northwest Illinois.
The community sits a short drive from historic Galena, making it convenient for day trips and scenic country drives. Visitors will find a walkable downtown with local businesses, a library, parks, and seasonal events that showcase regional culture. Nature lovers appreciate rolling bluffs, prairies, and wildlife habitats that define the Driftless Area landscape.

Things to Do and Plan Your Visit

Outdoor recreation around Hanover, Illinois includes fishing and paddling on the Apple River, birdwatching along the Great River Road, and hiking nearby state natural areas. Families enjoy picnic spots, playgrounds, and community festivals that highlight local food, music, and handmade goods.
Travelers can pair a visit with Apple River Canyon State Park, Mississippi Palisades State Park, and Jo Daviess Conservation Foundation trails for panoramic views. Dining and lodging options range from casual eateries and cozy inns in Hanover to expanded choices in Galena, ensuring comfort for weekend getaways. Whether you are planning a quiet retreat or an active itinerary, Hanover, IL delivers authentic Illinois scenery, friendly faces, and memorable small-town experiences.



FAQ – Home Values in Hanover

What is the median home value in Hanover in 2026?

In 2026, the typical home value in Hanover is about $688,267 for an average home size of 4244 square feet. This corresponds to an average price of roughly $163 per square foot.

What is the average cost per square foot in Hanover?

In 2026, homes in Hanover sell for an average of around $163 per square foot, with a typical range between $122 and $122 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Hanover is about 4244 square feet, with an estimated 2026 value around $688,267.



Locations close to Hanover, IL

Harmon, IL138 $ / ft²
Holcomb, IL121 $ / ft²
Kent, IL122 $ / ft²
German Valley, IL58 $ / ft²
Garden Prairie, IL132 $ / ft²
Galt, IL59 $ / ft²
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