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Michigan · Census place 36380

Hanover village, MI

Quick answer

Hanover village has 413 residents, ranking #571 of 745 places in Michigan. Median household income is $68,333, the median home is worth $142,700 and median gross rent runs $938 a month.

Population
413Hanover village residents
Median household income
$68,333Past 12 months, inflation adjusted
Median home value
$142,700Owner-occupied units
Median gross rent
$938Rent plus utilities, monthly
Median age
33.2 yrsAll residents
Homeownership rate
68.3%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 16.5% 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 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.4% of residents and 68.3% 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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