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ZipNumbers

Illinois · Census place 32746

Hanover Park village, IL

Quick answer

Hanover Park village has 36,850 residents, ranking #49 of 1462 places in Illinois. Median household income is $92,263, the median home is worth $260,900 and median gross rent runs $1,478 a month.

Population
36,850Hanover Park village residents
Median household income
$92,263Past 12 months, inflation adjusted
Median home value
$260,900Owner-occupied units
Median gross rent
$1,478Rent plus utilities, monthly
Median age
35 yrsAll residents
Homeownership rate
76%Owner-occupied households

What the numbers mean in Hanover Park village

Housing cost measured against local earnings.

A household earning the Hanover Park village median would spend about 19.2% 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 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.7% of residents and 76% 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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