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Real Estate Prices & Overview

Median real estate price in the Town Center of Hanover is $886,605, which is more expensive than 89.5% of the neighborhoods in New Hampshire and 86.6% of the neighborhoods in the U.S.

The average rental price in Hanover Town Center is currently $3,132, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.2% of the neighborhoods in New Hampshire.

Hanover Town Center is a suburban neighborhood (based on population density) located in Hanover, New Hampshire.

Real estate in the Town Center of Hanover, NH is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Hanover Town Center has a 13.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hanover, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Hanover Town Center neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Hanover Town Center community truly stands out from the rest in this regard.

In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Hanover Town Center neighborhood, where 61.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.8% of the neighborhoods in America.

Also, one of the really interesting characteristics about the Hanover Town Center neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.6% of college-friendly places to live in the state of New Hampshire. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Hanover Town Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 67.2% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

In the Hanover Town Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 18.2% of residents here. This is a higher proportion of walking commuters than we found in 97.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.1% of residents in the Hanover Town Center neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Finally, a unique way of commuting is simply not to. And in the Hanover Town Center neighborhood, analysis shows that 28.0% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.7% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Diversity

Did you know that the Hanover Town Center neighborhood has more Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Lebanese ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Town Center neighborhood in Hanover are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Hanover Town Center neighborhood, 68.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.1%), and 4.3% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hanover Town Center neighborhood is English, spoken by 83.0% of households. Other important languages spoken here include Spanish and Chinese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Town Center neighborhood in Hanover, NH, residents most commonly identify their ethnicity or ancestry as English (14.8%). There are also a number of people of German ancestry (10.4%), and residents who report Irish roots (10.0%), and some of the residents are also of Asian ancestry (9.8%), along with some Italian ancestry residents (6.7%), among others. In addition, 18.6% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hanover Town Center neighborhood spend under 15 minutes commuting one-way to work (67.2% of working residents), one of the shortest commutes across America.

Here most residents (46.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (18.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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