I wanted summerize some of the answers into one post.
First, don't think of the MD5 hash as a character string but as a hex number. Therefore, each digit is a hex digit (0-15 or 0-F) and represents four bits, not eight.
Taking that further, one byte or eight bits are represented by two hex digits, e.g. b'1111 1111
' = 0xFF
= 255
.
MD5 hashes are 128 bits in length and generally represented by 32 hex digits.
SHA-1 hashes are 160 bits in length and generally represented by 40 hex digits.
For the SHA-2 family, I think the hash length can be one of a pre-determined set. So SHA-512 can be represented by 128 hex digits.
Again, this post is just based on previous answers.
((1 << (n*4))-1).bit_length()
where n is the length of the hash in hexadecimal – Chiasma