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Hanover Park Regional

Learn about the people, housing, costs and businesses in Hanover Park Regional, New Jersey

Median Home$712,938
Median Rent$2,603/month
Population39,485
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media9% wholesale trade
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners80% of occupied units
NotableHigh Incomes$158k/year · top 7% nationally
Hanover Park Regional
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Hanover Park Regional?

As of today, the 30-year fixed mortgage rate for Hanover Park Regional is approximately 6.812% (6.845% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hanover Park Regional?

The median home value in Hanover Park Regional is $713k. The median monthly rent is $2,603. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hanover Park Regional?

Home values in Hanover Park Regional have increased 16.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hanover Park Regional?

Based on a typical all-in ownership cost of $2,508/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $107k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hanover Park Regional is $158k/year.

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What industries drive the economy in Hanover Park Regional?

The largest employment sectors in Hanover Park Regional are public administration (21%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.