What is the average home price in Hanover, MD 21076?

As of May '26, the median home price in Hanover, MD 21076 is $537,000, based on Zillow home estimates.

How have home prices in Hanover, MD 21076 changed over the past year?

As of May '26, home prices have decreased 0.4% over the past year, according to Zillow home estimates data.

What is the home price projection for Hanover, MD 21076?

As of May '26, Zillow projects home prices in Hanover, MD 21076 to decrease 0.2% in the next year.

What are the demographics of Hanover, MD 21076?

According to the latest Census, the demographics of Hanover, MD 21076 are 37.2% White, 31.5% Black, 15.1% Asian, 9.6% Hispanic. The population is 23,600, with 20.1% under 18 years old.

How long does it take homes to sell in Hanover, MD 21076?

According to Realtor.com, as of May '26, the median home in Hanover, MD 21076 is on the market for 18 days. This is a decrease of 15.0% from last year.

What is the average rent price in Hanover, MD 21076?

The average rent price in Hanover, MD 21076, as of the latest data, is $3,000. The average rent for 1 bedroom homes is $1,330. For 2, 3, and 4 bedroom homes, the average rent is $2,610, $3,150, and $3,360 respectively.

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Hanover, MD—21076

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$537,000

0.4% YoY Growth

Household Income

$143,000

23.5% YoY Growth

Days on Market

15.0% Shorter YoY

Home Price Forecast

-0.2%

Median Rent

$3,100

6.0% YoY Growth

1-Bed Rent

$1,000

38.1% YoY Growth

2-Bed Rent

$2,500

2.0% YoY Growth

3-Bed Rent

$3,100

0.3% YoY Growth

Home Price Trends — Hanover, MD

As of May '26, the median home price in Hanover, MD is $537,000, with a year-over-year change of -0.4%. This indicates that home prices in Hanover, MD are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$537,000	-0.4%
Single Family	$542,000	-0.2%
Condos	$431,000	-1.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$557,000	1.0%
Listing Count	107	-3.0%
Listings as % of Homes	0.6%	-3.0%
Days on Market	18	-15.0%

Metric	Latest Census	YoY % Change
Population	23,600	37.4%
% Under 18	20.1%	4.1%
% Seniors	10.2%	8.5%
% WFH	19.1%	267.3%
% w/ College Degree	55.1%	1.8%

Metric	Zip Code Average
Total Loan Originations	286
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

Total Units under HUD	115
Total Units Section 8	115
% Rentals under Section 8	2.7%
% Occupied Section 8	83.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$1,340	$1,000	$2,340
2 Bedroom	$360	$2,500	$2,860
3 Bedroom	$580	$3,100	$3,680
4 Bedroom	$710	$3,400	$4,110

Hanover, MD—21076

Key Metrics at a Glance

Home Price Trends — Hanover, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hanover, MD

% of Rental Stock

Property Listings — Hanover, MD

Demographics — Hanover, MD

Race and Ethnicity

Mortgage and Risk — Hanover, MD

Mortgages

Rentals and Section 8 — Hanover, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Hanover, MD

Home Price to Income Ratio

Hanover, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Harmans, MD

Elkridge, MD

Severn, MD

Linthicum Heights, MD

Jessup, MD

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,000
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$1,330
2 Bed Rent	$2,500	$2,610
3 Bed Rent	$3,100	$3,150
4 Bed Rent	$3,400	$3,360

Metric	Latest Census	5-Year % Change
% White	37.2%	-23.5%
% Black	31.5%	10.9%
% Hispanic	9.6%	81.1%
% Asian	15.1%	18.9%
% Foreign Born	19.6%	21.7%

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$537,000
Median Household Income	$143,000