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

Hanover, PA has a median modeled monthly cash flow of $-591 and a median cap rate of 3.9%, on a median sold price of $265,000. Prices changed +1.3% year over year.

What is the average cap rate in Hanover, PA?

The median cap rate across recently sold homes in Hanover, PA is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hanover, PA?

The median sold price in Hanover, PA is $265,000 (about $158 per square foot).

Investing in Hanover, PA Real Estate

A data-driven snapshot of the Hanover, PA 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.

$265,000Median sold price

$158Median $/sqft

3.9%Median cap rate

$-591Modeled cash flow / mo

+1.3%Appreciation YoY

6.6Months of supply

147Active listings

269Sold (last 12 mo)

What the Hanover numbers say

In Hanover, PA, the median home sold for $265,000 (about $158 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-591 of monthly cash flow. Sold prices moved +1.3% over the past year. Inventory sits at about 6.6 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Pennsylvania markets to compare

See Hanover cash-flowing listings

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