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Home values, rents and more in Hanover, NM

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$193,000
Metro: $179,000 · U.S.: $366,000
Home values, past year
−4.0%
Metro: −4.8% · U.S.: +1.2%
Population
263
ACS 2020–24
Median household income
$31,000
Metro: $44,958 · U.S.: $80,734
ZIP codes around Hanover, NM, shaded by typical home valueHanover88041
  • Under $170k
  • $170k–$180k
  • $180k–$200k
  • $200k–$210k
  • $210k+
  • No data
ZIP codes around Hanover, NM, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Hanover is outlined.

How Hanover compares

The typical home in Hanover, NM is worth about $193,000, according to the Zillow Home Value Index for September 2026. Home values in Hanover are 8% above the typical value in the Silver City metro area ($179,000) and 47% below the U.S. typical value ($366,000).

Over the past year, home values in Hanover fell 4.0%, compared with −4.8% in the Silver City metro area and +1.2% nationally.

The median household income is $31,000, against $44,958 in the Silver City metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 263 people live in Hanover (American Community Survey 2020–24).

Hanover has the 2nd-highest typical home value of the 6 cities in the Silver City metro area and the 26th-lowest of 106 in New Mexico with Zillow figures.

Part of: Grant County, NM · Silver City metro area · New Mexico

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Hanover, NM

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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