Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.4 yrs |
|---|---|
| Avg HH Size | 2.48 |
| Below Poverty | 7.7% ▼ 23% below avg |
| College Grads | 34.0% ▼ 12% below avg |
| Unemployment | 1.8% ▼ 64% below avg |
| No HS Diploma | 6 (0.4%) |
| HS Graduate | 508 (36.1%) |
| Some College | 262 (18.6%) |
| Associates | 152 (10.8%) |
| Bachelors | 117 (8.3%) |
| Graduate Degree | 361 (25.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $81,471 ≈ Avg |
|---|---|
| Median Home Value | $223,000 ▼ 20% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,031/mo |
| Total Housing Units | 915 |
| Vacant Units | 73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hanover is a city in Michigan, located in Jackson County. The city spans 1 ZIP code and is home to approximately 2,086 residents. It is a mature city, with a median age of 48.4 years.
Economically, Hanover is a middle-income community. The median household income of $81,471 is near the national average. Approximately 7.7% of residents live below the poverty line. The unemployment rate is 1.8%, well below the national average.
The real estate market in Hanover is an affordable housing market. Median home values stand at $223,000, which is below the national average. Renters typically pay around $1,031 per month. Homeownership is high at 90.6%, typical of suburban and family-oriented communities.
The population of Hanover is moderately educated. 34.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (95.35%).
Hanover, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49241 | 2,086 | $81,471 | $223,000 | $1,031 | 1.8% | 34.0% | 90.6% |