Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.1 yrs |
|---|---|
| Avg HH Size | 2.53 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 66.6% ▲ 72% above avg |
| Unemployment | 3.6% ▼ 27% below avg |
| No HS Diploma | 179 (1.1%) |
| HS Graduate | 2,336 (14.3%) |
| Some College | 1,001 (6.1%) |
| Associates | 1,925 (11.8%) |
| Bachelors | 1,822 (11.2%) |
| Graduate Degree | 9,047 (55.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $143,409 ▲ 88% above avg |
|---|---|
| Median Home Value | $492,100 ▲ 77% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $2,337/mo |
| Total Housing Units | 9,553 |
| Vacant Units | 256 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hanover is a city in Maryland, located in Anne Arundel County. The city spans 1 ZIP code and is home to approximately 23,642 residents. It is a relatively young city, with a median age of 37.1 years.
Economically, Hanover is a upper-middle-income community. The median household income of $143,409 is significantly above the national average. Approximately 4.8% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Hanover is a premium housing market. Median home values stand at $492,100, which is significantly above the national average. Renters typically pay around $2,337 per month. Homeownership is high at 66.3%, typical of suburban and family-oriented communities.
The population of Hanover is highly educated. 66.6% of adults hold a bachelor's degree or higher — significantly above the national average. The community is racially diverse, with White as the largest group at 37.2%.
Hanover, MD offers residents above-average earning potential within Maryland.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 21076 | 23,642 | $143,409 | $492,100 | $2,337 | 3.6% | 66.6% | 66.3% |