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Hanover, MB
Full City Profile · Manitoba
3.2
/5.0
B
Good
17,216
Population
61/sq mi density
$88,000
Median Income
$40,680 per capita
$320,000
Home Value
$1,080
Median Rent
15.8% income on rent
37°F
Avg Temperature
295 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$88,000 median income, 5.1% unemployment
A+
Affordability
4.6 / 5.0
$320,000 home value, $1,080/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
7.8% bachelor's degree or higher
Housing Overview
Median Home Value
$320,000
14% above
US avg: $281,900
Median Rent
$1,080/mo
7% below
US avg: $1,163/mo
Homeownership Rate
84.5%
29% above US avg (65.4%)
Total Housing Units
5,140
Ownership vs. Renting
84.5%
Owner-Occupied
15.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.8%
of renters spending 30%+ of income on housing
49% below US avg (31.0%)
Homeownership Rate
84.5%
Complete Housing Data
Home Values
| Census Median Value | $320,000 |
Rent
| Census Median Rent | $1,080 |
Market
Ownership & Stock
| Owner-Occupied | 84.5% |
| Renter-Occupied | 15.5% |
| Homeownership Rate | 84.5% |
| Total Housing Units | 5,140 |
| Rent Burden | 15.8% |