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Hanover 88041

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New Mexico
$299K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Housing Stock

HomesHow many homes we have records for in this area.523
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$299K
Median sizeThe middle home size here, measured in square feet.1,333 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1978
Single familyThe share of homes here that are single-family houses.76%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.98%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.59%
Company ownedThe share of homes owned by a company or trust instead of a person.13%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.19.9 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.150
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.94
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.64

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.79%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.2,776
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$45K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$53K
Average tempThe average temperature here across a full year.53°F
Annual precipHow much rain and melted snow falls here in a typical year.21 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.76%

How Hanover 88041 compares

By median home value, Hanover 88041 is the 7th most expensive of 14 ZIP codes in Grant County, and its typical home is worth more than 67% of all homes in Grant County.

Home values in Hanover 88041

Share of homes at each estimated value.

Median
$128K$693K
ZIP codes in Grant County ranked by median home value
#Grant CountyMedian valueHomes
1Pinos Altos 88053$386K183
2Gila 88038$371K217
3Faywood 88034$352K101
4Mimbres 88049$315K692
5Buckhorn 88025$315K113
6Cliff 88028$305K235
7Hanover 88041$299K523
8Arenas Valley 88022$284K602
9Silver City 88061$276K9,931
10Tyrone 88065$182K360
11Hachita 88040$170K115
12Hurley 88043$149K872
13Bayard 88023$114K1,362
14Santa Clara 88026$104K1,287

About the Hanover 88041 market

How many homes are there in Hanover 88041, NM?

Hanover 88041, NM contains 523 residential properties, with a median of 1,333 square feet, 3 bedrooms, built around 1978. The median TopHap Estimate is $299K.

How does Hanover 88041, NM compare to the rest of Grant County?

By median home value, Hanover 88041, NM is the 7th most expensive of 14 ZIP codes in Grant County. Its typical home is worth more than 67% of all homes in Grant County. Cliff 88028 ranks just above it and Arenas Valley 88022 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Hanover 88041, NM?

59% of homes in Hanover 88041, NM are owner-occupied. 13% are held by a company rather than an individual.

How much equity do owners in Hanover 88041, NM hold?

98% of mortgaged homes in Hanover 88041, NM are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

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Explore Hanover 88041 on the map

See every recorded sale, price heat map, school zone and flood overlay across Hanover 88041 in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
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