What is the population of Hanover city?

Hanover city has 3,495 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #195 of 914 in Minnesota.

What is the median household income in Hanover city?

Median household income in Hanover city is $147,944 a year, 88.4% above the national figure of $78,538.

How much does it cost to rent or buy in Hanover city?

Median gross rent is $1,806 a month and the median home value is $421,700, so rent absorbs about 14.6% of median household income.

Is Hanover city affordable compared with the rest of the US?

Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Hanover city is more affordable to buy in than the typical US market, and rent takes 14.6% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 26990

Hanover, MN population, income and ZIP codes

Quick answer

The population of the city of Hanover, Minnesota (Hanover, MN — Census place “Hanover city”) is 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. Looking for the Hanover Minnesota ZIP code list? 1 ZIP codes serve Hanover, MN: 55341.

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

Hanover ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Hanover.

The Hanover MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

55341

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

Hanover city, MN in context

How this area compares with national benchmarks.

Hanover city is a small town in Minnesota, with 3,495 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #195 of 914 ranked by population — larger than 78% of them. The median age here is 37.6 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Hanover city earn a median of $147,944 a year, 88.4% above the national figure of $78,538 and 96% above the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 2.2% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Hanover city is valued at $421,700, 39% above the national figure and 75% above the $240,400 peer median, while median gross rent runs $1,806 a month, 28.4% above the national figure, or roughly $21,672 across a full year. A household on the local median income would put about 14.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 91.9% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Minnesota.

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Frequently asked questions

Common questions about this area.

What is the population of Hanover city?: Hanover city has 3,495 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #195 of 914 in Minnesota.
What is the median household income in Hanover city?: Median household income in Hanover city is $147,944 a year, 88.4% above the national figure of $78,538.
How much does it cost to rent or buy in Hanover city?: Median gross rent is $1,806 a month and the median home value is $421,700, so rent absorbs about 14.6% of median household income.
Is Hanover city affordable compared with the rest of the US?: Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Hanover city is more affordable to buy in than the typical US market, and rent takes 14.6% of median income against the 30% cost-burden line.
How current is this Hanover city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.