Minnesota · Census place 26990
Hanover city, MN
Quick answer
Hanover city has 3,495 residents, ranking #195 of 914 places in Minnesota. Median household income is $147,944, the median home is worth $421,700 and median gross rent runs $1,806 a month.
- Population
- 3,495Hanover city residents
- Median household income
- $147,944Past 12 months, inflation adjusted
- Median home value
- $421,700Owner-occupied units
- Median gross rent
- $1,806Rent plus utilities, monthly
- Median age
- 37.6 yrsAll residents
- Homeownership rate
- 91.9%Owner-occupied households
What the numbers mean in Hanover city
Housing cost measured against local earnings.
A household earning the Hanover city median would spend about 14.6% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.2% of residents and 91.9% 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 Minnesota.
- Perham city 3,577
- St. Augusta city 3,576
- Plainview city 3,501
- Eveleth city 3,470
- Benson city 3,449
- Sleepy Eye city 3,438
- Breckenridge city 3,369
Keep going
More Minnesota coverage.