Hanover Multi-Family Homes
Hanover, located in Plymouth County, is 20 miles southeast of Boston.
Neighborhoods
- The Town Center neighborhood, with a median real estate price of $534,754, is among the 28.3-percent highest-priced neighborhoods in the state and 12.8-percent highest-priced neighborhoods in the country. The average rental price, at $1,677, is higher than 43.4-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes; apartment complexes; and high-rise apartments. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 0.0-percent. The average commute time is 15 to 30 minutes.
- The North Side and West Side neighborhood, with a median real estate price of $524,105, is among the 29.5-percent highest-priced neighborhoods in the state and 13.3-percent highest-priced neighborhoods in the country. The average rental price, at $2,107, is higher priced than 71.9-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and townhomes. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 1.7-percent. The average commute time is between 45 and 60 minutes.
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This is a small town with 14,485 residents, 85.98-percent of whom work in white-collar jobs with the fields of computers and mathematics employing more residents than 95-percent of the cities across the country. Residents can be classified as Urban Sophisticates who travel, read, shop, and support the arts. With 48.5-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $47,765, and $105,635 was the median household income. The average commute for residents is 33.79 minutes. Residents need to travel to Abington or Whitman to use the MBTA commuter rail system. They would need to go to Rockland to use the daily Plymouth & Brockton bus service from the South Station in Boston.
Of the 5,019 housing units, 84.8-percent are owner-occupied with a median home value of $524,105 and a vacancy rate of 0.8-percent. Since 2000, real estate values have appreciated 53.49-percent for an annual average of 2.41-percent. While 86.1-percent of the housing units are single-family homes, the housing units also include 2.2-percent townhomes, 4.6-percent small apartment buildings, and 7.0-percent apartment complexes. At 76.5-percent, most of the housing units were built between 1940 and 1999 with 11.6-precent built before 1939 and 11.8-percent built since 2000. The average rent is $2,107.
There is a small amount of multi-family housing in this city. However, the occupancy rate is very good. This combination could put you in competition with other investors. Our agents know the area and can guide you to properties in this city or nearby areas that will keep you from bidding wars with other potential buyers or from making too many concessions to sellers. They can advise you on what properties should give you the best return on your investment. With our large database, our agents can provide you with a list of properties from which to choose in this city and nearby areas. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.
To sell your property in this city, our agents can help you set a price that reflects the market. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
For assistance in this tight market, contact us to buy or list a multi-family property in Hanover.
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