The story of this market
The typical home in ZIP 04237 sells for about $325,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 04237 — Hanover
The housing market in Hanover remains stable with very low inventory and limited sales activity, typical for a small rural community. Prices have seen modest appreciation over the last year, driven by low supply rather than high demand volume. The market is currently characterized by a lack of new development and a reliance on existing housing stock.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and outdoor enthusiasts who prioritize natural surroundings over proximity to urban amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 62 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 18.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 04237, Oxford County ME
Crime rates in Hanover are consistently low, reflecting the rural character of Oxford County and remaining well below state and national averages.
Students in Hanover are served by the regional school system, which provides a small-town educational environment with limited local facilities.
The area faces moderate risks from seasonal flooding near the Androscoggin River and typical New England winter weather hazards.
Economic momentum is limited by the town's small, rural scale, with most employment and infrastructure support centered in nearby Rumford.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Commuting is primarily car-dependent, with residents typically traveling to nearby employment hubs like Rumford or further toward the Lewiston-Auburn area.
The area is a popular destination for outdoor recreation, featuring access to the Androscoggin River for boating and fishing, as well as proximity to regional hiking trails and winter sports.
The rental market is extremely limited due to the small housing stock, with most available units serving as seasonal or long-term housing for local workers.
The local economy is heavily influenced by the industrial and service sectors in neighboring Rumford, with a strong emphasis on forestry and tourism.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving this rural ZIP code.
There are no major commercial or residential developments currently planned or under construction within the town limits.
The Oxford County assessment regime follows standard Maine municipal property tax procedures, with valuations updated periodically to reflect market changes.
Parcels are subject to standard municipal and county tax levies, with no significant MUD or special utility districts reported.
Property insurance premiums are influenced by the rural location and proximity to riverine flood zones, requiring standard hazard coverage.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Black Mountain of Maine4.78.6 mi
- Matterhorn Ski Bar4.44.7 mi
- The Gem Theater4.76.2 mi
- Sunday River Resort4.66.9 mi
- Mt Abram Ski Area & Bike Park4.78 mi
- Black Mountain of Maine4.78.6 mi
- Grafton Notch State Park4.89.8 mi
- Frenchman’s Hole4.78.8 mi
- Maine Mineral and Gem Museum4.96.3 mi
- Historic Sunday River Covered Bridge4.75 mi
- Historic Lovejoy Covered Bridge4.77 mi
- Ink Maine & Gaskyl Printing4.810.3 mi
- Grafton Notch State Park4.89.8 mi
- Step Falls Preserve Mahoosuc Land Trust4.88.3 mi
- West Bethel Motel4.58.8 mi
- Rumford Whitecap Mountain Preserve4.94.9 mi
- Moose Cave4.611.5 mi
- Sunday River Resort4.66.9 mi
- Sunday River Golf Club4.17.3 mi
- The Local Hub4.76.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides significant opportunities for fishing, boating, and scenic views.
Located within driving distance, offering extensive hiking and wilderness access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.