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ZipNumbers

Alabama · Census place 32968

Hanceville city, AL

Quick answer

Hanceville city has 3,255 residents, ranking #162 of 593 places in Alabama. Median household income is $39,894, the median home is worth $164,500 and median gross rent runs $744 a month.

Population
3,255Hanceville city residents
Median household income
$39,894Past 12 months, inflation adjusted
Median home value
$164,500Owner-occupied units
Median gross rent
$744Rent plus utilities, monthly
Median age
40.8 yrsAll residents
Homeownership rate
53.2%Owner-occupied households

What the numbers mean in Hanceville city

Housing cost measured against local earnings.

A household earning the Hanceville city median would spend about 22.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 17.5% of residents and 53.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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