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

Hanover, MD has a median modeled monthly cash flow of $-3,550 and a median cap rate of 1.7%, on a median sold price of $735,000. Prices changed -7.5% year over year.

What is the average cap rate in Hanover, MD?

The median cap rate across recently sold homes in Hanover, MD is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hanover, MD?

The median sold price in Hanover, MD is $735,000 (about $245 per square foot).

Investing in Hanover, MD Real Estate

A data-driven snapshot of the Hanover, MD 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.

$735,000Median sold price

$245Median $/sqft

1.7%Median cap rate

$-3,550Modeled cash flow / mo

-7.5%Appreciation YoY

14.3Months of supply

37Active listings

31Sold (last 12 mo)

What the Hanover numbers say

In Hanover, MD, the median home sold for $735,000 (about $245 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-3,550 of monthly cash flow. Sold prices moved -7.5% over the past year. Inventory sits at about 14.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Maryland markets to compare

See Hanover cash-flowing listings

CashFlowRE ranks every for-sale home in Hanover, MD 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.