In Hanover 46.7% of home owners have a mortgage on their home. 12.8% of home owners in Hanover spend more than 30% of their household income on shelter costs. When it comes to rented homes, 15.2% of the rented homes in Hanover are subsidized and the remaining 84.8% pay market rent. Subsidized housing is government sponsored economic assistance program aimed towards alleviating housing costs and expenses for people in need with low to moderate incomes. 46.3% of tenants in Hanover spend over 30% of their household income on shelter costs.
|Homes with a mortgage||46.70%|
|Homes spending more than 30% of household income on the home||12.80%|
|Homes that are subsidized by tax payers||15.20%|
|Rented homes where more than 30% of household income is spent on shelter costs||46.30%|