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
Compare with nearby places
Places of similar size in Illinois.
- Wheeling village 38,495
- Urbana city 38,447
- Carpentersville village 37,544
- Rock Island city 36,758
- Addison village 35,470
- Oswego village 35,463
- Calumet City city 35,253
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More Illinois coverage.