Housing data for Hanover Township (Jefferson County), IN
Hanover Township (Jefferson County), IN has an estimated 5,599 residents and 2,078 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Jefferson County.
27.0% of households rent.
The median gross rent is $950 a month.
Its population grew measurably since 2015–2019 (+5.0%).
Figures last updated on .
- Residents
- 5,599 (±35)
- Housing units
- 2,078 (±169)
- Households that rent
- 27.0%
- Median gross rent
- $950
- Residents since 2015–2019
- +5.0%
What stands out in Hanover Township (Jefferson County)
Households that moved in since 2020: 30.5% (±7.7 points) in Hanover Township (Jefferson County), higher than in Jefferson County (18.9%).
Housing in Hanover Township (Jefferson County) at a glance
- Median rent: $950 median gross rent a month
- Rent by bedrooms: $884 median gross rent, 2 bedrooms
- Rent burden: 41.7% of renters pay 30% or more of income
- Renters and owners: 27.0% of households rent
- Income and affordability: $66,019 median household income
- Home values: $186,300 median home value
- Homeowner costs: $1,203 median monthly cost with a mortgage
- Property taxes: $1,234 median real estate taxes a year
- Types of homes: 4.5% of homes are in buildings of 5 or more units
- Bedrooms: 74.5% of homes have 3 or more bedrooms
- Age of homes: 66.2% of homes were built before 1980
- Vacancy rate: 3.2% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 76.0% heat with electricity
- Commute and cars: 19.5 minutes average trip to work
- Growth: +5.0% residents since 2015–2019
- How long people stay: 30.5% moved in since 2020
- Crowding and facilities: 1.1% of homes have more than 1 person per room (Small sample: wide margin of error)
Hanover Township (Jefferson County) against Jefferson County, its state and the nation
| Hanover Township (Jefferson County) | Jefferson County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 5,599 (±35) | 32,998 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 2,078 (±169) | 14,517 (±30) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 27.0% (±6.8 points) | 28.2% (±3.4 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $950 (±$40) | $890 (±$52) | $1,062 (±$5) | $1,413 |
| Median household income | $66,019 (±$15,540) | $64,577 (±$5,301) | $71,957 (±$352) | $80,734 |
| Median home value | $186,300 (±$27,354) | $194,600 (±$9,710) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,234 (±$184) | $1,252 (±$69) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 66.2% (±10.0 points) | 64.6% (±4.9 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 19.5 minutes (±2.4) | 22.2 minutes (±1.5) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.2% (±4.0 points) | 86.9% (±2.1 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 34.0 years (±3.4) | 41.8 years (±0.9) | 38.1 years (±0.2) | 38.9 years |
Hanover Township (Jefferson County) covers 18.7 square miles of land, about 299 residents per square mile (Census Bureau Gazetteer).
How Hanover Township (Jefferson County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 5,332 (±31) | 5,599 (±35) | +5.0% | Measurable increase |
| Housing units | 1,976 (±153) | 2,078 (±169) | +5.2% | Not a measurable change |
| Median gross rent | $790 (±$93) | $950 (±$40) | +20.3% | No measurable change after inflation |
| Median home value | $125,800 (±$15,321) | $186,300 (±$27,354) | +48.1% | No measurable change after inflation |
| Median household income | $55,462 (±$4,586) | $66,019 (±$15,540) | +19.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,066 (±$74) | $1,203 (±$149) | +12.9% | No measurable change after inflation |
| Median real estate taxes | $1,051 (±$137) | $1,234 (±$184) | +17.4% | No measurable change after inflation |
| Households that rent | 33.0% (±5.9 points) | 27.0% (±6.8 points) | −6.0 percentage points | Not a measurable change |
| Rental vacancy rate | 7.5% (±6.6 points) | 3.2% (±5.4 points) | −4.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Hanover Township (Jefferson County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 47243 | 48% | 6,225 | $908 | $183,900 | $65,197 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Hanover Township (Jefferson County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Hanover | 1.3 mi | $900 | $138,700 | 36.1% |
| Republican Township | 3.9 mi | — | $228,300 | 3.3% |
| Saluda Township | 5.5 mi | $734 | $165,600 | 22.7% |
| Smyrna Township | 6.1 mi | — | — | 7.6% |
| Milton | 6.1 mi | $763 | $156,700 | 40.7% |
| Madison | 6.3 mi | $820 | $203,100 | 37.9% |
| Madison Township (Jefferson County) | 7.9 mi | $870 | $191,900 | 34.1% |
| Lexington Township | 9.0 mi | $846 | $182,100 | 14.2% |
Places in Indiana most like Hanover Township (Jefferson County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Washington Township (Warren County) | $862 | $172,300 | $68,966 | 26.0% |
| Marion Township (Jasper County) | $944 | $167,500 | $62,252 | 32.7% |
| Bourbon Township | $891 | $174,000 | $75,804 | 22.4% |
| Rochester Township | $849 | $162,700 | $59,577 | 22.8% |
| Orleans Township | $862 | $164,500 | $67,396 | 32.1% |
| Patoka Township (Dubois County) | $859 | $173,000 | $70,197 | 31.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Hanover Township (Jefferson County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $752 | $862 | $1,041 | $1,313 | $1,636 |
HUD income limits for Hanover Township (Jefferson County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,850 | $29,700 | $47,500 |
| 2 people | $21,640 | $33,950 | $54,300 |
| 3 people | $27,320 | $38,200 | $61,100 |
| 4 people | $33,000 | $42,400 | $67,850 |
| 5 people | $38,680 | $45,800 | $73,300 |
| 6 people | $44,360 | $49,200 | $78,750 |
| 7 people | $50,040 | $52,600 | $84,150 |
| 8 people | $55,720 | $56,000 | $89,600 |
These are the limits HUD sets for its housing programs in the Jefferson County, IN, where HUD’s median family income for fiscal year 2026 is $83,700.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Hanover Township (Jefferson County)
What is the average rent in Hanover Township (Jefferson County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Hanover Township (Jefferson County) is $950 (±$40) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Hanover Township (Jefferson County)?
The median gross rent for a one-bedroom home in Hanover Township (Jefferson County), IN is $764 (±$155) a month (2020–2024 American Community Survey).
Are renters in Hanover Township (Jefferson County) rent-burdened?
41.7% of renting households in Hanover Township (Jefferson County) pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Hanover Township (Jefferson County)?
Hanover Township (Jefferson County) has an estimated 501 (±134) renting households, 27.0% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Hanover Township (Jefferson County)?
The median household income in Hanover Township (Jefferson County) is $66,019 (±$15,540) a year (2020–2024 American Community Survey).
What is the average home value in Hanover Township (Jefferson County), IN?
The Census Bureau publishes the median: $186,300 (±$27,354) for owner-occupied homes in Hanover Township (Jefferson County) (2020–2024 American Community Survey).
Is Hanover Township (Jefferson County) growing?
In Hanover Township (Jefferson County), the number of residents went from 5,332 in 2015–2019 to 5,599 in 2020–2024 (+5.0%), a measurable increase.
What ZIP codes are in Hanover Township (Jefferson County)?
The ZIP code that covers Hanover Township (Jefferson County) is 47243.
What is the median rent in ZIP code 47243?
The median gross rent in ZIP Code Tabulation Area 47243 is $908 (±$75) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hanover township, Jefferson County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Jefferson County, IN
- HUD Income Limits, fiscal year 2026: Jefferson County, IN
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Hanover township, Jefferson County, Indiana (county subdivision:31234, in state:18 county:077).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .