Hanoverton, OH
Population 423 · Ohio
About Hanoverton, OH
Hanoverton is a small community located in Ohio with a population of 423 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,000 per year, which is 7% below the national median of $75,149. The median age of 44.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hanoverton features a median home value of $135,400, which is 45% below the national median of $244,900. This makes Hanoverton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $763, 34% below the national average of $1,163/month. Of the 165 total housing units, 80% are owner-occupied (129 units) and 20% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hanoverton shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hanoverton have an average one-way commute time of 30 minutes.
Education & Demographics
18.8% of Hanoverton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Hanoverton, OH
Compared to national averages, Hanoverton has a median household income of $70,000 (7% below the national median of $75,149). Home values average $135,400, which is 45% below the national median. Monthly rent at $763 is 34% below the US average of $1,163. Within Ohio, Hanoverton's income is 3% below the state average of $71,814, and home values are 22% below the state median of $174,449.
Why Live in Hanoverton, OH?
Hanoverton offers affordable housing with a median home value of $135,400, below the US average of $244,900, and rent that’s lower than the national average at $763/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 6.1%, better than the national average.
Potential considerations include median household income ($70,000) that falls below the national average. However, Hanoverton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hanoverton has a population of 423 with a median age of 44.3 years. Compare Hanoverton with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Hanoverton
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buchtel | 425 | $60,625 | $128,300 | Compare |
| Fredericksburg | 425 | $75,547 | $145,300 | Compare |
| Raymond | 420 | $0 | $276,500 | Compare |
| Sinking Spring | 426 | $105,368 | $129,400 | Compare |
| Chickasaw | 419 | $99,583 | $275,000 | Compare |
| Gloria Glens Park | 419 | $68,438 | $162,500 | Compare |
| Osgood | 418 | $100,208 | $230,900 | Compare |
| Massieville | 415 | $39,519 | $141,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hanoverton
What is the population of Hanoverton, OH?
The population of Hanoverton, OH is 423 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Hanoverton?
The median household income in Hanoverton, OH is $70,000 per year, which is 7% below the national median of $75,149.
What is the median home value in Hanoverton?
The median home value in Hanoverton, OH is $135,400, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hanoverton?
The median monthly rent in Hanoverton, OH is $763, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Hanoverton?
The unemployment rate in Hanoverton, OH is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hanoverton, OH a good place to live?
Hanoverton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 423 and a median age of 44.3, the city appeals to a broad range of residents.
How educated is Hanoverton, OH?
18.8% of residents in Hanoverton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hanoverton?
Key cost-of-living indicators for Hanoverton, OH: median home value is $135,400 (45% below national), median rent is $763/month, and median household income is $70,000. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hanoverton?
The poverty rate in Hanoverton, OH is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hanoverton, OH?
Hanoverton's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.9% of residents are foreign-born.