Zip 88041 (Hanover, NM) Housing

The housing market in 88041 Hanover, NM is very impressive. The median value of homes in this area is $137,300, which is much lower than the US median home value of $338,100. Additionally, the appreciation rate of homes in this area is also much higher than the national average at 16.79%, compared to 8.27% nationwide. This demonstrates that the housing market in Hanover is very strong and desirable for homeowners and investors alike.

The median home cost in Hanover (zip 88041) is $137,300. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Hanover (zip 88041) is up 18.3%.

Average Age of Homes

- The median age of Hanover (zip 88041) real estate is 39 years old

The Rental Market in Hanover (zip 88041)

- Renters make up 13.2% of the Hanover (zip 88041) population
- 0.0% of houses and apartments in Hanover (zip 88041), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hanover, New Mexico	United States
	598.0	139,647,020.0
	56	42
	$137,300	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$6.36	$10.98
	$710	$2,690
	62.7%	57.4%
	22.6%	11.2%
	14.7%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	3.8%	3.6%
	18.7%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	10.7%	2.4%
	6.9%	2.8%
	10.4%	3.9%
	11.7%	4.5%
	24.0%	11.3%
	1.6%	13.0%
	24.5%	20.1%
	2.1%	13.6%
	2.7%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	5.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	10.5%	13.6%
	20.2%	13.2%
	6.4%	14.8%
	10.5%	13.6%
	17.4%	10.0%
	9.7%	4.7%
	22.9%	12.2%

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