Hanover, MI Real Estate
According to census data in the year 2000 there were 166 housing units in Hanover.
This represents a 3.5% decline from 172 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 166 were located in what is classified as a rural area.
Homeownership rate in Hanover is about 73.4%.
Hanover's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.64 people.
The majority of houses, apartments or condos in Hanover were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 7.80% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $73,800 |
| Median Price asked for vacant units | $104,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.10% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 45.50% |
| Debt Free | 36.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
