Living in Hanoverton, Ohio
Cost of living, income, home prices, rent and demographics of Hanoverton · Census data 2020–2024
Hanoverton has 393 residents with a median age of 43.3. The median household income is $68,542 (4% lower than the Ohio median), the median home value is $133,600, the median rent is $756/month.
Hanoverton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hanoverton at a glance
- Population
- 393
- Median age
- 43.3State: 39.7
- Median household income
- $68,542State: $71,389
- Median home value
- $133,600State: $214,800
- Median rent
- $756/moState: $1,034
- Homeowners
- 79.4%
- Bachelor's degree or higher
- 22.6%
- Average commute
- 28 min
Is Hanoverton a good place to live?
Pros: Home values 38% lower than the state median; unemployment of 1.6%; a poverty rate of 5.3%.
Cons: Median household income 4% lower than the Ohio median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Hanoverton
Housing is the biggest part of the cost of living. In Hanoverton the median home value is $133,600, 60% lower than the U.S. median. Renters pay a median of $756 per month, which is 9% of household income. Homeowners with a mortgage pay $1,181 a month in housing costs.
Hanoverton median household income
The median household income in Hanoverton is $68,542 and the income per person is $30,066. 5.3% of residents live below the poverty line (Ohio: 13.3%).
Housing in Hanoverton: homes for sale and rent
- Housing units
- 170
- Owner-occupied
- 79.4%
- Renter-occupied
- 20.6%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.54
Hanoverton demographics
- Population
- 393
- Median age
- 43.3
- Under 18
- 26.7%
- 65 and older
- 19.1%
- Households
- 155
- Foreign-born
- 1.3%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanoverton ›
Education in Hanoverton
22.6% of adults 25 and older in Hanoverton have a bachelor's degree or higher (Ohio: 31.5%), and 8.2% have a graduate or professional degree.
Jobs and commute in Hanoverton
- Unemployment rate
- 1.6%State: 4.8%
- Average commute
- 28 minState: 23 min
- Work from home
- 6%
- Drive alone
- 79.2%
- Public transit
- 0%
- Walk to work
- 4.9%
- Homes with broadband
- 89.7%
Hanoverton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanoverton | 393 | $68,542 | $133,600 | $756 |
| Guilford Lake | 1,307 | $92,768 | $215,500 | — |
| East Rochester | 188 | $60,192 | — | — |
| Summitville | 218 | $63,750 | $125,000 | $650 |
| Homeworth | 423 | $72,230 | $114,900 | $828 |
| Minerva | 3,196 | $54,380 | $124,400 | $904 |
| Lisbon | 2,832 | $46,667 | $110,000 | $744 |
| Pekin | 369 | $51,929 | — | — |
| Salineville | 992 | $47,917 | $89,700 | $810 |
More for people moving to Hanoverton
Hanoverton ZIP code ›Weather and climate ›Living in Hanoverton: FAQ
What is the median household income in Hanoverton, OH?
The median household income in Hanoverton is $68,542, 4% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hanoverton?
The median home value in Hanoverton is $133,600, compared with $214,800 in Ohio.
How much is rent in Hanoverton?
The median gross rent in Hanoverton is $756 per month, about 9% of household income.
Is Hanoverton, OH a good place to live?
Pluses: home values 38% lower than the state median; unemployment of 1.6%; a poverty rate of 5.3%. Minuses: median household income 4% lower than the Ohio median; an average commute of 28 minutes.
What is the median age in Hanoverton?
The median age in Hanoverton is 43.3 years (Ohio: 39.7).
How long is the commute in Hanoverton?
The average commute to work in Hanoverton is 28 minutes; 6% of workers work from home.
What is the unemployment rate in Hanoverton?
The unemployment rate in Hanoverton is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanoverton?
22.6% of adults in Hanoverton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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