Construction Value
$28.5M ▲ 193.1%
Units Permitted
113 ▲ 76.6%
Avg Value / Unit
$252K
2024 · Census Bureau Building Permits Survey
Construction activity in Hanover jumped in 2024, up 76.6% from the prior year with 113 housing units permitted. At $252K per unit, new builds are in line with the Morris County average of $240K. Volume is 135% above the county average of 48 units, suggesting faster-than-typical growth. 46.9% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$2K
per resident
County avg: $7K-74%
Hanover vs. Morris County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 60 | 60 | $21.8M | 77% |
| ■ Duplex | 2 | 1 | $86K | 0% |
| ■ 3-4 Unit | 3 | 1 | $140K | 0% |
| ■ 5+ Unit | 48 | 8 | $6.5M | 23% |
County Ranking by Construction Volume
Among 32 permit-issuing towns in Morris County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →