Is Hanover, IN a good place to invest in rental property?

Hanover, IN has a median modeled monthly cash flow of $-692 and a median cap rate of 3.3%, on a median sold price of $249,000. Prices changed +12.0% year over year.

What is the average cap rate in Hanover, IN?

The median cap rate across recently sold homes in Hanover, IN is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hanover, IN?

The median sold price in Hanover, IN is $249,000 (about $177 per square foot).

Investing in Hanover, IN Real Estate

A data-driven snapshot of the Hanover, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$249,000Median sold price

$177Median $/sqft

3.3%Median cap rate

$-692Modeled cash flow / mo

+12.0%Appreciation YoY

5.8Months of supply

41Active listings

85Sold (last 12 mo)

What the Hanover numbers say

In Hanover, IN, the median home sold for $249,000 (about $177 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-692 of monthly cash flow. Sold prices moved +12.0% over the past year. Inventory sits at about 5.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See Hanover cash-flowing listings

CashFlowRE ranks every for-sale home in Hanover, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hanover deals, or browse the national market data.