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ZipNumbers

Indiana · Census place 31216

Hanover town, IN

Quick answer

Hanover town has 3,584 residents, ranking #161 of 976 places in Indiana. Median household income is $58,194, the median home is worth $126,300 and median gross rent runs $913 a month.

Population
3,584Hanover town residents
Median household income
$58,194Past 12 months, inflation adjusted
Median home value
$126,300Owner-occupied units
Median gross rent
$913Rent plus utilities, monthly
Median age
28.8 yrsAll residents
Homeownership rate
67.8%Owner-occupied households

What the numbers mean in Hanover town

Housing cost measured against local earnings.

A household earning the Hanover town median would spend about 18.8% 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 11.2% of residents and 67.8% 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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