CVC Audited
Incorporated in 1958, the Village of Hanover Park has grown from a small bedroom community in Cook County to a thriving suburban town with a population of 38,278, whose residential and commerical development has spilled over into DuPage County as well. Although it is just five square miles in size, Hanover Park is crisscrossed by four townships, seven school districts, three park districts and two library districts.
Before its incorporation, Hanover Park was an "outcropping" of Ontarioville, which pre-dated Hanover Park by nearly a full century. In an unusual twist of history, however, it was Hanover Park that later assimilated Ontarioville, officially incorporating the smaller community into its boundaries in 1982.
Today, one of the most attractive aspects of living in Hanover Park continues to be the affordability of homes for young families moving into the community. The median age in Hanover Park is 28 and the average family income is $63,990.
Homebuyers are able to choose from a wide range of housing, from raised ranches and split levels, to condominiums, to townhomes and duplexes. The average 1997 sale price for a single family home was $136,766, while condominium and townhome prices averaged out at $94,491.
Apartment rentals are available for an average cost of $562 per month.
Commuters taking the express train from the Hanover Park station can reach Chicago in 45 minutes. Drive time to the Loop is 60 minutes, while O'Hare airport is 35 minutes away and Midway Airport is a 60-minute drive. The Elgin-O'Hare Expressway bisects Hanover Park and the Northwest Tollway is a short four miles north, while the Interstate 290 extension is five miles east of the village.