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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||9.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.7%|