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ZipNumbers

Illinois · Census place 32707

Hanover village, IL

Quick answer

Hanover village has 847 residents, ranking #745 of 1462 places in Illinois. Median household income is $39,583, the median home is worth $86,200 and median gross rent runs $751 a month.

Population
847Hanover village residents
Median household income
$39,583Past 12 months, inflation adjusted
Median home value
$86,200Owner-occupied units
Median gross rent
$751Rent plus utilities, monthly
Median age
50.9 yrsAll residents
Homeownership rate
65.4%Owner-occupied households

What the numbers mean in Hanover village

Housing cost measured against local earnings.

A household earning the Hanover village median would spend about 22.8% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.6% of residents and 65.4% 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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