All Countries
Hancock, MI
Full City Profile · Michigan · Keweenaw County County
3.6
/5.0
B+
Good
4,510
Population
1,622/sq mi density
$55,278
Median Income
$36,738 per capita
$185,700
Home Value
$210,738 Zillow
$740
Median Rent
34.5% income on rent
41°F
Avg Temperature
253 sunny days/yr
110
Violent Crime/100K
684 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$55,278 median income, 1.3% unemployment
A+
Affordability
4.8 / 5.0
$185,700 home value, $740/mo rent
F
Safety
1.0 / 5.0
110 violent crimes/100K
A+
Education
4.7 / 5.0
45.8% bachelor's degree or higher
Housing Overview
Median Home Value
$185,700
34% below
US avg: $281,900
Median Rent
$740/mo
36% below
US avg: $1,163/mo
Homeownership Rate
53.5%
18% below US avg (65.4%)
Total Housing Units
2,098
Median year built: 1956
Home Value by Source
Census Median
$185,700
Zillow (ZHVI)
$210,738
Median Sale Price
$349,900
Median List Price
$317,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.5%
Owner-Occupied
46.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$740/mo
Market Indicators (Redfin)
Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$95
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
34.5%
of renters spending 30%+ of income on housing
11% above US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
53.5%
Complete Housing Data
Home Values
| Census Median Value | $185,700 |
| Zillow Home Value (ZHVI) | $210,738 |
| Median Sale Price | $349,900 |
| Median List Price | $317,000 |
| Price Per Sq Ft | $95 |
Rent
| Census Median Rent | $740 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 58 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 7 |
| Price Per Sq Ft | $95 |
Ownership & Stock
| Owner-Occupied | 53.5% |
| Renter-Occupied | 46.5% |
| Homeownership Rate | 53.5% |
| Total Housing Units | 2,098 |
| Median Year Built | 1956 |
| Rent Burden | 34.5% |