Home prices
The median home in Hancock costs $110,200. In comparison to the surrounding areas this is roughly $11,820 (12%) higher.It is roughly $107,300 (49%) lower in comparison to the nation as a whole, and it is roughly $77,100 (41%) lower compared to the city of Marquette.
Rents
Hancock's median rent is $580 per month. Compared to its surrounding areas it is approximately $55 (8%) lower.In comparison to the country as a whole it is roughly $482 (45%) lower, and in comparison to the city of Marquette is about $215 (27%) lower.
Nearby places
Houghton
Houghton is roughly 1 mile southeast of Hancock. Its real estate prices are somewhat more expensive. Houghton's median home cost is $155,600, which is $45,400 (29%) higher than Hancock. Rent there is somewhat more expensive. In Houghton the median monthly rent is $665, which works out to $85 (12%) higher than Hancock.
Dollar Bay
Dollar Bay is approximately 3 miles east from Hancock. Housing prices there are a bit more expensive. The median home in Dollar Bay costs $118,500, which comes out to $8,300 (7%) higher than Hancock. Its rents are a bit more expensive. Dollar Bay's median rent is $745 per month, which comes out to $165 (22%) higher than Hancock.
South Range
South Range is approximately 4 miles southwest of Hancock. Its housing prices are significantly less expensive. The median home price in South Range is $74,000, which is $36,200 (48%) lower than Hancock. The rent there is similar. In South Range the median monthly rent is $556, which is $24 (4%) lower than Hancock.
Hubbell
Hubbell is roughly 6 miles east of Hancock. Real estate prices there are significantly less expensive. The median home in Hubbell costs $71,900, which comes out to $38,300 (53%) lower than Hancock. Rents there are a bit more expensive. In Hubbell the median monthly rent is $716, which works out to $136 (18%) higher than Hancock.
Lake Linden
Lake Linden is approximately 8 miles northeast from Hancock. The real estate prices there are significantly less expensive. Lake Linden's median home value is $71,900, which comes out to $38,300 (53%) lower than Hancock. Rents there are a little less expensive. Lake Linden's median monthly rent is $494, which is $86 (17%) lower than Hancock.
