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Hanover borough, PA

ZIP 17331 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 17331

Median Home Value
$228,700
Median Rent
$948
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,469/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 17331 in Hanover borough, PA, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,469. That sits below the local median household income ($76,661), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.4%+17% vs US avg
x
Vacancy Rate
5.0%-52% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
5.3%-58% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
35.1%-8% vs US avg
x
$228,700
Home Value
$948
Rent
1977
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.1%
  • 1-unit attached19.5%
  • 2-9 units9.6%
  • 10+ units4.3%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$228,700
Median rent$948
Owner-occupied76.4%
Vacant5.0%
Price-to-income3.0x
Est. income to buy$63,000