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Hanover, MI
Full City Profile · Michigan · Jackson County County
3.0
/5.0
B
Good
413
Population
983/sq mi density
$68,333
Median Income
$29,872 per capita
$142,700
Home Value
$233,385 Zillow
$938
Median Rent
32.9% income on rent
48°F
Avg Temperature
260 sunny days/yr
232
Violent Crime/100K
1,685 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$68,333 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$142,700 home value, $938/mo rent
F
Safety
1.0 / 5.0
232 violent crimes/100K
D
Education
1.8 / 5.0
9.5% bachelor's degree or higher
Housing Overview
Median Home Value
$142,700
49% below
US avg: $281,900
Median Rent
$938/mo
19% below
US avg: $1,163/mo
Homeownership Rate
68.3%
4% above US avg (65.4%)
Total Housing Units
167
Median year built: 1946
Home Value by Source
Census Median
$142,700
Zillow (ZHVI)
$233,385
Median Sale Price
$419,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.3%
Owner-Occupied
31.7%
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:
$938/mo
Market Indicators (Redfin)
Median Days on Market
112 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
$262
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1946
Average age of housing stock: 80 years
Homeownership Rate
68.3%
Complete Housing Data
Home Values
| Census Median Value | $142,700 |
| Zillow Home Value (ZHVI) | $233,385 |
| Median Sale Price | $419,000 |
| Price Per Sq Ft | $262 |
Rent
| Census Median Rent | $938 |
| 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 | 112 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $262 |
Ownership & Stock
| Owner-Occupied | 68.3% |
| Renter-Occupied | 31.7% |
| Homeownership Rate | 68.3% |
| Total Housing Units | 167 |
| Median Year Built | 1946 |
| Rent Burden | 32.9% |