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
Compare with nearby places
Places of similar size in Michigan.
- Wellston CDP 425
- Hubbardston village 418
- Mesick village 416
- Northport village 413
- Palo CDP 409
- Carp Lake CDP 407
- Lost Lake Woods CDP 407
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