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Hanover, ON
Full City Profile · Ontario
2.6
/5.0
C+
Fair
7,967
Population
2,110/sq mi density
$69,000
Median Income
$42,440 per capita
$400,000
Home Value
$990
Median Rent
20.0% income on rent
48°F
Avg Temperature
219 sunny days/yr
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$69,000 median income, 9.5% unemployment
B
Affordability
3.4 / 5.0
$400,000 home value, $990/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.5 / 5.0
6.7% bachelor's degree or higher
Housing Overview
Median Home Value
$400,000
42% above
US avg: $281,900
Median Rent
$990/mo
15% below
US avg: $1,163/mo
Homeownership Rate
64.0%
2% below US avg (65.4%)
Total Housing Units
3,445
Ownership vs. Renting
64.0%
Owner-Occupied
35.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Homeownership Rate
64.0%
Complete Housing Data
Home Values
| Census Median Value | $400,000 |
Rent
| Census Median Rent | $990 |
Market
Ownership & Stock
| Owner-Occupied | 64.0% |
| Renter-Occupied | 35.9% |
| Homeownership Rate | 64.0% |
| Total Housing Units | 3,445 |
| Rent Burden | 20.0% |