What percentage of people rent in Hanover Township, NJ?

Name: Renters and owners in Hanover Township, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

21.0% (±4.9 points) of the occupied homes in Hanover Township, NJ are rented (2020–2024 American Community Survey).

That is 1,226 renting households against 4,609 that own their home.

In Hanover Township, the share of households that rent went from 18.8% in 2015–2019 to 21.0% in 2020–2024 (+2.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 21.0% (±4.9 points)
Renting households: 1,226 (±287)
Median renter income: $107,242 (±$30,304)

Who rents and who owns in Hanover Township

Tenure, estimate (90% margin of error)
	Hanover Township	Morris County	New Jersey	United States
Renter-occupied share	21.0% (±4.9 points)	25.7% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	1,226 (±287)	49,683 (±1,568)	1,268,573 (±8,082)	45,017,354
Owning households	4,609 (±366)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.1 (±0.3)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	2.6 (±0.2)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$107,242 (±$30,304)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$167,334 (±$11,239)	$165,144 (±$2,794)	$133,477 (±$624)	$100,009

In Hanover Township, the renter share is not measurably different from Morris County (25.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Morris County, Hanover Township ranks 17 of 39 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 292 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Hanover Township has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
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 household income	$126,658 (±$6,090)	$156,956 (±$11,111)	+23.9%	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.

Households that rent in places near Hanover Township

Nearest places with a published estimate, compared with Hanover Township
Place	Distance	Households that rent	Compared with this place
Hanover Township	—	21.0% (±4.9 points)	—
Troy Hills	2.7 mi	7.2% (±3.9 points)	Lower
Morris Plains Borough	2.7 mi	28.4% (±7.4 points)	Not measurably different
Parsippany-Troy Hills Township	2.8 mi	40.4% (±2.5 points)	Higher
Morristown Town	3.0 mi	63.3% (±3.4 points)	Higher
Parsippany	3.2 mi	51.6% (±3.2 points)	Higher
East Hanover Township	3.4 mi	7.8% (±3.0 points)	Lower
Florham Park Borough	3.5 mi	30.2% (±5.0 points)	Higher
Morris Township	3.8 mi	14.1% (±2.4 points)	Lower

Nearby places with a measurably lower figure: Troy Hills, NJ (7.2%), East Hanover Township, NJ (7.8%), Morris Township, NJ (14.1%).

Nearby places with a measurably higher figure: Parsippany-Troy Hills Township, NJ (40.4%), Morristown Town, NJ (63.3%), Parsippany, NJ (51.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Morris County, place by place

Rank	Place	Households that rent
11	Butler Borough	31.2% (±5.0 points)
12	Florham Park Borough	30.2% (±5.0 points)
13	Riverdale Borough	29.4% (±8.3 points)
14	Morris Plains Borough	28.4% (±7.4 points)
15	Mount Arlington Borough	24.8% (±5.1 points)
16	Randolph Township	22.2% (±3.3 points)
17	Hanover Township	21.0% (±4.9 points)
18	Chester Borough	20.9% (±6.7 points)
19	Lincoln Park Borough	20.8% (±5.4 points)
20	Rockaway Township	18.1% (±3.3 points)
21	Chatham Borough	17.5% (±3.7 points)
22	Pequannock Township	17.0% (±3.5 points)
23	Chatham Township	15.9% (±4.1 points)

Showing 13 of 39 places in Morris County, ranked from highest to lowest.

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

How many renters are there in Hanover Township?

Hanover Township has an estimated 1,226 (±287) renting households, 21.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Hanover Township?

In Hanover Township, the share of households that rent went from 18.8% in 2015–2019 to 21.0% in 2020–2024 (+2.2 percentage points), not a measurable change.

How big are renting households in Hanover Township?

A renting household in Hanover Township has 2.1 people on average, against 2.6 in an owned home.

How much do renters earn in Hanover Township?

The median renting household in Hanover Township, NJ has an income of $107,242 (±$30,304) a year, against $167,334 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.