66945, Hanover, KS

Hanover, KS is located in the 66945 zip code. According to the 2010 census, the population of Hanover was 2,521. The median household income in Hanover was $53,868. Home prices in Hanover have increased significantly over the past few years. In March of 2016, the median home price in Hanover was $130,000. This represents a 165% increase from March of 2012 when the median home price was $60,000.

The primary reason for this increase in home prices is likely due to strong demand and low supply within the Hanover area. There are limited homes available for sale within the 66945 zip code which has led to an increase in demand and an elevated average home price. Additionally, many homeowners who live in Hanover have taken advantage of low interest rates and refinanced their homes multiple times over the past few years which has also contributed to increased home values.

Despite these positive factors, there are some potential risks associated with purchasing a home in Hanover that should be considered before making an investment decision:

1) The current market conditions may not persist indefinitely – although it seems unlikely at this point given how strongly prices have been increasing; 2) There is a risk that interest rates could rise significantly (which would lead to a decrease in value), or that another economic recession could occur which would cause even more people to lose their jobs; 3) The area may experience rapid growth (or decline) over time – although this appears less likely at this point given how stable housing prices appear to be; 4) There is always risk when buying or selling a property – whether it’s because you don’t like what you see when touring a house or because there are unexpected problems with it upon moving-in/moving-out; 5) Finally, keep in mind that while homeownership is traditionally seen as a desirable investment vehicle, there are certain risks associated with owning a home such as high maintenance costs and possible exposure to foreclosure or bankruptcy proceedings if you cannot afford your mortgage payments.