Neighborhood
Hanover Place
Cary, North Carolina US
Hanover Place in Cary, North Carolina is a mid-priced neighborhood, with prices about 2% above the city median and 16% above the state median. It offers a gross yield of 3.6% while prices declined 1.4% over the past year, and it carries a Red Flag score of 78. Walkability is 97 and education is in the 85th percentile, making the profile notable for very high walkability alongside a strong school-test-score percentile.
AI Summary•Updated May 2026
Area
0.02 mi²
ZIP Code
27511
County
Wake County
State
North Carolina
Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024
Verified Price · Median Sale
$526,844
YoY-1.4%
Gross Rental Yield
3.6%
Listed rent · ZORI annualized
Red Flag Index
High
78 / 100
Walkability Score
97
OpenStreetMap POI density · national percentile
Education Score
85 / 100
Pre-pandemic SEDA (2018/19) · district proxy
AI Score
39
DistrictScore attractiveness · national model
Hanover Place Property Prices & Rental Yield
Verified Redfin sale data and Zillow ZORI asking rent for Hanover Place, Cary.
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Sign in to view — freeMarket Economics Snapshot
May 2026| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $526,844 | -1.4% |
| Price / Sq Ft (Verified) | $270/sqft | -2.9% |
| Asking Rent (Median) | $1,565/mo | +0.7% |
| Gross Rental Yield | 3.6% | — |
| Liquidity Score | 39 / 100 | Moderate |
| Homes Sold (Period) | 149 | +39.3% |
Is Hanover Place Safe? Natural-Hazard Risk
FEMA National Risk Index composite across eight hazards, plus inherited North Carolina crime context.
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Sign in to view — free What Stands Out AI Insight
Highly walkable neighborhood — score 97/100
Active transaction volume — 149 homes sold last period
Flood risk is Very High (100/100)
Hail risk is Very High (100/100)
Insights are generated from Hanover Place's live DistrictScore metrics.
Hanover Place Environment & Safety
Satellite PM2.5 air-quality history, FBI UCR crime trend (North Carolina-level, the finest official aggregation), EPA radon potential and point-source hazard screening.
Air Quality — PM2.5
2015–20245.3 µg/m³ Meets EPA, above WHO guideline-16.4% since 2015
EPA 9WHO 5
20152024
Annual mean fine-particle (PM2.5) concentration at the Hanover Place centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 24% of U.S. neighborhoods.
North Carolina Crime Trend
FBI UCR20132024
All crimes / 1k
Violent / 1k
| Year | Crimes / 1k | Violent / 1k | YoY |
|---|---|---|---|
| 2024 | 23.4 | 3.8 | -3.4% |
| 2023 | 24.6 | 3.9 | +1.3% |
| 2022 | 24.8 | 4.0 | -0.0% |
| 2021 | 25.1 | 4.2 | -5.6% |
| 2020 | 26.5 | 4.2 | -3.6% |
| 2019 | 27.7 | 3.8 | — |
Reported at the state level — the finest official US crime aggregation; Hanover Place inherits the North Carolina figures.
Radon Potential
EPAZone 2
Zone 2 — Moderate potential · Hanover Place
EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.
Walkability & Amenities in Hanover Place
Amenity density and pedestrian access from OpenStreetMap points of interest.
Walkability & Amenities
OpenStreetMap POI97
Walker's Paradise
Walkability Score
2
Grocery
14
Dining
2
Schools
0
Universities
0
Hospitals
1
Pharmacies
1
Parks
0
Rail Transit
0
Coworking
POI counts are amenities within Hanover Place's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.
Hanover Place vs Cary vs North Carolina
How Hanover Place benchmarks against its city and state medians.
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Sign in to view — freeBuying Property in the US as a Foreigner
Federal & North Carolina tax facts for non-resident buyers, plus the latest local market news.
Buying as a Foreigner
US Tax & OwnershipApplies to everyone7
Capital Gains (Federal)
Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).
Property Tax
Property tax: ~0.62% average effective rate (statewide average; set and collected locally).
State Income Tax
State income tax up to 4.25%; rental income is taxed at these rates.
State Capital Gains
Capital gains are taxed as ordinary income at state rates.
Transfer Tax
Real estate transfer tax: $1 per $500.
Assessment Cap
No Proposition 13-style assessment cap; property is reassessed at market value.
Mansion Tax / Rent Control
No statewide mansion tax or statewide rent control.
US citizens & tax residents7
Primary-Home Exclusion
Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.
1031 Like-Kind Exchange
A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.
Depreciation Recapture
Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).
Mortgage Interest Deduction
Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).
Opportunity Zones
Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.
Rental Income (Resident)
Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.
1031 State Conformity
The state conforms to the federal 1031 like-kind exchange rules.
Foreign buyers (non-residents)5
FIRPTA (Foreign Sellers)
FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.
Non-Resident Capital Gains
Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.
Non-Resident Rental Tax
Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).
Estate Tax (Non-Resident)
Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.
ITIN Requirement
Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.
Talk to a US real-estate tax advisor
FIRPTA, ITIN & North Carolina property-tax guidance for foreign buyers
Hanover Place Real Estate FAQ
Hanover Place in Cary, North Carolina has a gross yield of 3.6% and prices about 2% above the city median and 16% above the state median. Prices fell 1.4% over the past year, and the Red Flag score is 78, so the data show yield with weaker recent price movement.
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