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Hanover village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

As of 2026, Hanover village, Michigan has a total population of 413, the 571st largest city in Michigan, with a median household income of $68,333, which is 4% lower than the state average. The poverty rate is 10.4%.

Key Takeaways

Hanover village Quick Facts

Population 413
Median Household Income $68,333
Median Home Value $142,700
Poverty Rate 10.4%
Unemployment Rate 3.4%
Median Age 33.2 years
Homeownership Rate 68.3%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 9.5%
High School Graduation Rate 92.9%
Diversity Index 24/100
Population 413 571st of 745
Median Income $68,333 above average
Poverty Rate 10.4% 16% lower national
Median Home Value $142,700 average

How Hanover village Compares

Economy & Housing

Employment

3.4% Unemployment Rate State: 5.8% | National: 5.2%
66.3% Labor Force Participation

Housing Overview

Owner 68.3%
Renter 31.7%
Affordability Index Very Affordable
2.1x home value to income ratio

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 44 | National average: 60

Education

Hanover village Rankings in Michigan

#571 Population of 745
#249 Median Income of 745
#635 Education of 745
#390 Home Value of 745

Cities Similar to Hanover village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Northport village413$71,250$243,10055.1%16.3%
Lost Lake Woods CDP407$69,375$172,00044.5%2.9%
Clarksville village403$69,375$169,80019.9%9.7%
Estral Beach village406$63,462$207,90018.2%11.9%
Hubbardston village418$61,667$121,40010.3%15.2%

Population Overview

Hanover village is a small community located in Michigan. The total population is 413. It ranks as the 571st most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Hanover village is 33.2 years. This is 17% lower than the state median of 40.1 years. With 29.3% of the population under 18, Hanover village has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Hanover village is $68,333. This is 4% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 13% lower. The poverty rate stands at 10.4%. This is 20% lower than the state poverty rate of 13.1%. The unemployment rate is 3.4%. This is 41% lower than the state rate of 5.8%. The median home value is $142,700. Housing costs are 34% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.1x, Hanover village is one of the most affordable housing markets in the area. 68.3% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 72.9%.

Race & Ethnicity

Hanover village has a predominantly White (non-Hispanic) population, comprising 86.7% of all residents. Black or African American residents account for 5.6%. The Black or African American population (5.6%) is well below the state average of 13.2%.

Education

9.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.9%.

Data Sources & Methodology

All demographic data for Hanover village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Hanover village, Michigan?

Hanover village, Michigan has a population of 413 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Hanover village, MI?

The median household income in Hanover village is $68,333, which is 13% lower the national median of $78,538.

What is the poverty rate in Hanover village, MI?

The poverty rate in Hanover village is 10.4%. This means approximately 43 residents live below the federal poverty line.

What is the racial makeup of Hanover village, Michigan?

Hanover village's population is 86.7% White, 5.6% Black, 4.1% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Hanover village, MI?

The median home value in Hanover village is $142,700. The home-value-to-income ratio is 2.1x.

How educated is Hanover village, Michigan?

9.5% of adults (25+) in Hanover village hold a bachelor's degree or higher, and 1.2% hold a graduate or professional degree.