HomeMinnesotaWright CountyHanover
Hanover, Minnesota: commercial real estate data.
Hanover is a Census city of 3,626 people across 5.49 square miles of land, lying across Wright County and Hennepin County. Median household income is $156,536, 93.0 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $1.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hanover
What Hanover is
- Census place typecity
- Land area5.49 sq mi
- Water area0.16 sq mi
- Population per square mile of land661
- County holding the largest share of its areaWright County, 62.4 percent
- Counties this place lies inWright County 62.4 percent, Hennepin County 37.6 percent
Hanover crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hanover
How many people live in Hanover
- Population3,626
- Median age36.1
- Population under 181,202
- Share under 1833.1 percent
- Population 65 and over287 plus or minus 85
- Share 65 and over7.9 percent plus or minus 2.3
- Households1,169
- Family households986
- Share of households that are families84.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hanover
Income and work in Hanover
- Median household income$156,536
- Per capita income$54,528
- Civilian labor force2,059
- Employed2,033
- Unemployed26 plus or minus 20
- Unemployment rate1.3 percent plus or minus 1.0
- Adults 25 and over2,235
- Adults 25 and over with a high school diploma or higher98.8 percent
- Adults 25 and over with a bachelor degree or higher52.4 percent
- Adults 25 and over with a graduate degree13.1 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hanover
Housing in Hanover
- Housing units1,200
- Occupied units1,169
- Vacant units31 plus or minus 37
- Vacancy rate2.6 percent plus or minus 3.1
- Owner occupied1,087
- Renter occupied82 plus or minus 63
- Ownership rate93.0 percent
- Median owner-occupied home value$447,900
- Median gross rent, monthly$1,853 plus or minus $1,260
- Annual rent as a share of median income14.2 percent plus or minus 9.7
- Single family units1,180
- Share single family98.3 percent
- Units in buildings of two or more20 plus or minus 20
- Share in buildings of two or more1.7 percent plus or minus 1.6
- Mobile homes0
- Median year structure built2003
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hanover
How Hanover gets to work
- Workers 16 and over who commute1,463
- Commuting under 15 minutes204 plus or minus 69
- Share commuting under 15 minutes13.9 percent plus or minus 4.4
- Commuting 30 minutes or more737
- Share commuting 30 minutes or more50.4 percent
- Drove alone69.4 percent
- Carpooled2.0 percent plus or minus 1.3
- Public transport0.1 percent plus or minus 0.3
- Walked0.0 percent
- Worked from home27.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hanover
SBA loans in Hanover (7(a))
- Approvals6
- Gross approval$1,753,000
- Average approval$292,167
- Median approval$62,500
- Largest approval$1,250,000
- Jobs supported51
- Jobs per approval8.5
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Hanover, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hanover
SBA loans in Hanover (504)
- Approvals4
- Gross approval$1,929,000
- Average approval$482,250
- Median approval$353,000
- Largest approval$1,007,000
- Jobs supported30
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Hanover, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hanover
Flood risk in Hanover
- NFIP communityCity of Hanover
- NFIP community number270540
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/04/16
The City of Hanover participates in the National Flood Insurance Program as community 270540 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Wright County, not Hanover
Wright County context, not Hanover figures
- Establishments in Wright County3,680
- Covered employment, Wright County48,758
- Average annual pay, Wright County$55,999
- Housing units permitted, Wright County1,264
Every figure in this section is published for Wright County as a whole and is not a measurement of Hanover.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Hanover questions, answered from the record.
How many people live in Hanover, Minnesota?
3,626, in 1,169 households. Hanover city covers 5.49 square miles of land, which is 661 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hanover in?
Hanover lies in more than one. By area it is 62.4 percent in Wright County, 37.6 percent in Hennepin County. This page sits under Wright County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Hanover?
$156,536. The median owner-occupied home is valued at $447,900. Median gross rent is $1,853 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hanover businesses?
6 7(a) approvals totaling $1.8 m since FY2020, across 4 lenders, median approval $62,500, plus 4 504 approvals worth $1.9 m since FY2010. These count approvals to borrowers whose address is in Hanover, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hanover borrowers get paid back?
No rate is published for Hanover. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Hanover in the National Flood Insurance Program?
Yes. Hanover appears in the FEMA Community Status Book as Hanover, city of, community 270540, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hanover figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Wright County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hanover.
Is zoning published for Hanover?
No. Nothing on this page presents parcel level zoning.