ZIP Code 55341 — Hanover city, MN Demographics & Data

ZIP code 55341 covers Hanover, MN in Wright County with a population of about 3,454.

At a glance, the area shows median age of 37.5 (near the U.S. median).

It sits in telephone area code 763; U.S. House district MN-6; the MINNEAPOLIS - ST. PAUL media market.

Median household income in ZIP 55341 is about $147,903 — about 97% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 2.2%; unemployment rate near 1.3%; 48.0% of adults with a bachelor’s degree or higher (about 14.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Education; about 22.8% of workers reporting work-from-home (about 7.6 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $421,500 — about 21% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,738 (about 49% above the U.S. median rent ($1,163)), and owner-occupancy near 91.8% (about 26.4 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55341 in Hanover, MN, a household would need roughly $116,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,708. That sits below the local median household income ($147,903), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Hanover city, MN as Relatively Low (composite score 68.4), which is near the middle of the national distribution. The strongest component scores on US5 are flood (74.7) and wildfire (61.0). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Hanover city, MN show little to no average snow and around 31.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 245 for ZIP 55341 (Hanover city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.