Hanover Twp, NJ Overview

The highly developed suburban community of Hanover blends business, industrial, and residential development within approximately 25 miles west of New York City.  The Passaic and Whippany Rivers traverse the area, which borders East Hanover.  The heavily traveled Route 10 corridor has emerged as one of the finest shopping areas in the state, and Mount Pleasant Avenue offers a quaint historical district.  A complete range of housing is available in this area, from attractive older homes along quiet, tree-lined streets to newer constructions.  Recreational amenities include outdoor skating rinks, tennis courts, playgrounds, sports fields and courts, recreational centers, a YMCA, conservation areas, and swimming pools.  Transportation efficiencies are provided by Route 10, Interstates 280 and 287, and commuter bus service to New York City.

Summary

Population Growth (since 2000)10%
Population Density (ppl / mile)1,356.00
Household Size (ppl)2.564
Households w/ Children32%

Housing Stability

Annual Residential Turnover9%
5+ Years in Residency48%
Median Year in Residency4.8

Housing Inventory

Hanover Twp, NJ Housing Inventory 2089174,6464,6462089174,646

Market Overview

38 listings with an estimated median price of $497,450

PriceCount
$200K - 300K4
$300K - 400K5
$400K - 500K11
$500K - 600K8
$600K - 700K3
$800K - 900K3
$900K - 1M2
$1M - Max2
Property TypeCount
Single Family26
Commercial1
Rental15
Condo/Town/CoOp10
Multi Family1

(Data as of 7/12/2020)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Hanover Twp, NJ Population Demographics

Total: 14,272

Households:5,563

Median Age: 45.52

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Hanover Twp, NJ Temperature

Weather Risk

Hanover Twp, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Hanover Twp, NJ Education Climate Index

Highest Education Level Attained

Hanover Twp, NJ Highest Education Level Attained 2,2341,6727093141682,0382,9422,2341,6723141682,038

Employment and Finance

Workforce

Hanover Twp, NJ Workforce

Income by dollar range (Median Income: $108,355)

Hanover Twp, NJ Income by dollar range 10479143184124168151731523313597215765781,30320828623

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,044
One Bedroom
$1,099
Two Bedroom
$1,324
Three Bedroom
$1,695
Four Bedroom
$1,922

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Hanover Twp, NJ Crime

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