🏡

Hanover

30 min to Boston
"Solid suburban balance of affordability and quality"
Median Price
$775,000
$407/sqft
School Rating
7/10
Good
Appreciation
3.3%
per year
Commute
30 min
to downtown

Financing Considerations

Properties in Hanover typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

The Vibe

Solid suburban family community with good schools and historic shipbuilding connection. Conveniently located inland South Shore town with good balance of affordability and quality schools.

What It's Really Like

Hanover is South Shore's Goldilocks town—not too expensive, not too cheap, solid schools, good location. Just right for practical families.

Best For

  • Families seeking suburban stability
  • Those wanting balance of price and schools
  • South Shore commuters
  • Buyers seeking space and value

Avoid If

  • You need coastal access
  • You want urban amenities
  • You're seeking rapid appreciation

🌟Highlights

🏡Well-balanced suburban community
🏫Good school system (7/10 rating)
🚗Convenient Route 3 access
⚖️Great balance of affordability and quality

Insider Tips

  • 💡Historic shipbuilding heritage adds character
  • 💡Hanover Mall area has conveniences
  • 💡Good value compared to coastal neighbors

Demographics

Population
14,900
Median Age
44
Median Income
$175,000

Economic Profile

Remote Work
18.5%
work from home
Professional Workers
54.6%
knowledge economy
Broadband Access
93.2%
digital infrastructure
Homeownership
88.3%
owner-occupied
Poverty Rate
4.9%
below poverty line
Median Home Value
$646K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
5
Churches
5
Historical Context: Oldest establishment dates to 17253 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1970
55 years old
Pre-1940 Construction
9.9%
Lower risk
Post-2000 Construction
23%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Moderate Insurance Risk

Median home built in 1970. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).

Insurance Cost Calculator

Estimate your annual homeowners insurance premium

$387,500$775,000$1,550,000

Leave blank to use town median (1970)

Annual Premium
$2,150
$179/month
vs. State Average
+7%
MA avg: $2,008/year
Risk Category
HIGH
Based on home age

30-Year Mortgage Impact

$64,500

Total insurance cost over 30-year mortgage (equivalent to 0.3% of home value)

Age Penalty

This home costs $539 more per year to insure than a newly built home. Over 30 years, that's $16,170 in additional insurance costs.

Ways to Lower Your Premium

  • Bundle home + auto insurance with same carrier (10-25% discount)
  • Increase deductible from $500 to $2,500 (save 15-30%)
  • Install monitored security system (5-20% discount)
  • Update electrical panel and remove knob-and-tube wiring
  • Replace roof with impact-resistant materials (save 5-15%)
  • Upgrade plumbing to PEX or copper
  • Complete full home inspection and address major issues
  • Consider MAPFRE or Chubb for historic home coverage

* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.

Construction Era Distribution

2020+
75 units
2010-2019
8.3%
480 units
2000-2009
13.4%
780 units
1990-1999
15.5%
900 units
1980-1989
16.9%
980 units
1970-1979
18.1%
1,050 units
1960-1969
15.5%
900 units
1950-1959
11.7%
680 units
1940-1949
6.6%
380 units
Pre-1940
9.9%
575 units
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