Commercial Real Estate Market in Hanoverton, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 92 off-market properties in Hanoverton, OH.
Market Trends
Hanoverton, OH spans 29.1 square miles in Columbiana County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hanoverton, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hanoverton, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hanoverton, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hanoverton, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hanoverton, OH has 2,234 residents in 942 households. Density runs 77 people per square mile. Median household income here is $81,146 and median gross rent $1,142 a month.
2,234
Population
942
Households
2.4
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
29.1 sq mi
ZIP Area
77
Density / Sq Mi
$81,146
Median Household Income
$39,853
Median Earnings
$1,142
Median Rent
$182,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kensington | — | — |
| New Garden | — | — |
| New Alexander | — | — |
| East Rochester | — | — |
Frequently Asked Questions
Where does Realmo's Hanoverton market data come from?
Realmo compiles Hanoverton, OH figures from 3 recent recorded sales, 5 active sale listings, 92 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Hanoverton, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
