Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.4 yrs |
|---|---|
| Avg HH Size | 2.70 |
| Below Poverty | 7.6% ▼ 24% below avg |
| College Grads | 31.5% ▼ 19% below avg |
| Unemployment | 5.0% ≈ Avg |
| No HS Diploma | 190 (5.6%) |
| HS Graduate | 1,104 (32.7%) |
| Some College | 477 (14.1%) |
| Associates | 542 (16.1%) |
| Bachelors | 444 (13.2%) |
| Graduate Degree | 618 (18.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,333 ▼ 13% below avg |
|---|---|
| Median Home Value | $172,000 ▼ 38% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $922/mo |
| Total Housing Units | 2,206 |
| Vacant Units | 276 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hanover is a city in Indiana, located in Jefferson County. The city spans 1 ZIP code and is home to approximately 6,235 residents. It is a relatively young city, with a median age of 33.4 years.
Economically, Hanover is a solidly middle-class community. The median household income of $66,333 is near the national average. Approximately 7.6% of residents live below the poverty line. The unemployment rate is 5.0%, near the national average.
The real estate market in Hanover is an affordable housing market. Median home values stand at $172,000, which is below the national average. Renters typically pay around $922 per month. Homeownership is high at 74.0%, typical of suburban and family-oriented communities.
The population of Hanover is moderately educated. 31.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (91.48%).
Hanover, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47243 | 6,235 | $66,333 | $172,000 | $922 | 5.0% | 31.5% | 74.0% |