Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.3 yrs |
|---|---|
| Avg HH Size | 2.18 |
| Below Poverty | 17.0% ▲ 70% above avg |
| College Grads | 22.2% ▼ 43% below avg |
| Unemployment | 1.7% ▼ 64% below avg |
| No HS Diploma | 16 (0.6%) |
| HS Graduate | 1,171 (46.3%) |
| Some College | 432 (17.1%) |
| Associates | 346 (13.7%) |
| Bachelors | 295 (11.7%) |
| Graduate Degree | 267 (10.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $54,188 ▼ 29% below avg |
|---|---|
| Median Home Value | $212,700 ▼ 24% below avg |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $972/mo |
| Total Housing Units | 1,821 |
| Vacant Units | 175 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hancock is a city in Maryland, located in Washington County. The city spans 1 ZIP code and is home to approximately 3,585 residents. It is a mature city, with a median age of 49.3 years.
Economically, Hancock is a working-class community. The median household income of $54,188 is below the national average. Approximately 17.0% of residents live below the poverty line. The unemployment rate is 1.7%, well below the national average.
The real estate market in Hancock is an affordable housing market. Median home values stand at $212,700, which is below the national average. Renters typically pay around $972 per month. Homeownership is high at 72.4%, typical of suburban and family-oriented communities.
The population of Hancock is less-educated. 22.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.33%).
Hancock, MD offers residents a cost-conscious lifestyle within Maryland.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 21750 | 3,585 | $54,188 | $212,700 | $972 | 1.7% | 22.2% | 72.4% |