Hanover Park: Housing & Real Estate
Hanover Park homes sell at a median $274,200 (estimated market value runs 12% higher at $307,901), with median rent $1,594 (1.1× below DuPage County median $1,688; 1.3× higher than Illinois median $1,274). Homeownership rate: 77.5%. That's 1.4× below the DuPage County median ($391,400); about the same as the Illinois median ($263,300). Market is warm. Vacancy rate 3.1%. New construction makes up 1.2% of stock. 1 nursing facility on file. A municipal building code is in effect.
- 3.0× annual income — home value vs. household income (vs Illinois 4.0×).
- 14.3 years to break even renting at the median (vs Illinois 18y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent 10% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $274,200 — 0.9× the Illinois median ($314,700). Median rent $1,594/month. homeownership rate 77.5% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.0× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 19.3% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 38.5% |
| Affordability · Poverty Rate | 12.5% |
| Affordability · Property Tax Pct Income | 6.9% |
| Fair Market Rent · Studio rent | $1,480 (at Illinois median) |
| Fair Market Rent · One-bedroom rent | $1,581 (at Illinois median) |
| Fair Market Rent · Two-bedroom rent | $1,781 (at Illinois median) |
| Fair Market Rent · Three-bedroom rent | $2,294 (at Illinois median) |
| Fair Market Rent · Four-bedroom rent | $2,653 (at Illinois median) |
| Fair Market Rent · HUD FMR area | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $307,901 |
| Median Home Value | $274,200 (vs Illinois $314,700) |
| Median Rent | $1,594 (vs Illinois $1,440) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 3.1% |
| Housing Market · New construction (% of stock) | 1.2% |
| Housing Market · Price Appreciation 2Yr | 5.1% |
| Housing Orgs · Total count | 1 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Illinois median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Illinois median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 78.9% (vs Illinois 76.8%) |
| Broadband · Broadband-capable premises | 12,420 |
| Electricity · Electricity rate (¢/kWh) | 15.87¢/kWh |
| Electricity · Customers | 5392477 |
| Electricity · Revenue Millions | $7,118 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Illinois median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Illinois median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 3 |
|---|---|
| Ev Charging · Public Stations | 2 |
| Ev Charging · L2 Ports | 110 |
| Ev Charging · Dc Fast Ports | 12 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 77.5% (vs Illinois 66.4%) |
|---|---|
| Median Year Built | 1976 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12