Is Hanover Township, NJ growing?
Hanover Township, NJ had an estimated 14,769 (±32) residents in 2020–2024, against 14,399 in 2015–2019.
That is a change of +2.6%, a measurable increase.
Its housing went from 5,933 to 5,902 homes (−0.5%), not a measurable change.
1.0% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 14,769 (±32)
- Amount of change
- +2.6%
- Homes change
- −0.5%
- Built 2020 or later
- 1.0%
Residents and homes in Hanover Township, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 14,399 (±43) | 14,769 (±32) | +2.6% | Measurable increase |
| Housing units | 5,933 (±221) | 5,902 (±261) | −0.5% | Not a measurable change |
| Households that rent | 18.8% (±2.8 points) | 21.0% (±4.9 points) | +2.2 percentage points | Not a measurable change |
| Median gross rent | $2,258 (±$210) | $2,813 (±$227) | +24.6% | No measurable change after inflation |
| Median home value | $506,300 (±$19,450) | $629,600 (±$22,432) | +24.4% | No measurable change after inflation |
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.
Growth in Hanover Township against Morris County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Hanover Township | +2.6% | Measurable increase | −0.5% |
| Morris County | +4.3% | Measurable increase | +3.2% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Hanover Township
| Year built | Hanover Township | Morris County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 1.0% (±0.7 points) | 0.9% | 1.1% | 2.0% |
| 2010 to 2019 | 8.5% (±3.3 points) | 5.2% | 6.2% | 9.4% |
| 2000 to 2009 | 10.5% (±2.9 points) | 7.5% | 9.2% | 13.6% |
9.5% of the homes in Hanover Township were built in 2010 or later.
The median age of residents is 48.0 years.
Growth in places near Hanover Township
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Hanover Township | — | 14,769 | +2.6% | Measurable increase |
| Morris Plains Borough | 2.7 mi | 6,315 | +9.9% | Measurable increase |
| Parsippany-Troy Hills Township | 2.8 mi | 56,397 | +7.6% | Measurable increase |
| Morristown Town | 3.0 mi | 20,453 | +8.2% | Measurable increase |
| East Hanover Township | 3.4 mi | 11,152 | +0.7% | Measurable increase |
| Florham Park Borough | 3.5 mi | 13,564 | +16.7% | Measurable increase |
| Morris Township | 3.8 mi | 23,424 | +5.2% | Measurable increase |
| Madison Borough | 4.3 mi | 16,447 | +0.4% | Measurable increase |
| Mountain Lakes Borough | 5.0 mi | 4,585 | +7.4% | Measurable increase |
The figures for Hanover Township include the places inside it that have pages of their own: Cedar Knolls, Whippany.
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
Is Hanover Township growing?
Hanover Township, NJ had an estimated 14,769 residents in 2020–2024 and 14,399 in 2015–2019, a change of +2.6%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Hanover Township?
The estimated number of housing units went from 5,933 in 2015–2019 to 5,902 in 2020–2024 (−0.5%), not a measurable change.
How much new construction is there in Hanover Township?
1.0% of homes in Hanover Township were built in 2020 or later and 8.5% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hanover township, Morris County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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, Morris County, New Jersey (county subdivision:29550, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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 .
Related
- Housing in Hanover Township at a glance
- Median rent in Hanover Township
- Rent by bedrooms in Hanover Township
- Rent burden in Hanover Township
- Renters and owners in Hanover Township
- Income and affordability in Hanover Township
- Home values in Hanover Township
- Homeowner costs in Hanover Township
- Property taxes in Hanover Township
- Types of homes in Hanover Township
- Bedrooms in Hanover Township
- Age of homes in Hanover Township
- Heating fuel in Hanover Township
- Commute and cars in Hanover Township
- Crime reported to police in Hanover Township
- How long people stay in Hanover Township
- Crowding and facilities in Hanover Township
- New Jersey landlord and tenant rules
- Housing across Morris County
- Housing data for every place in New Jersey