The median home in Hanover, New Mexico is valued at $194,176, down 6.8% year over year. Hanover is part of the Silver City, NM metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Silver City, NM stress score, crash risk, and 12-month forecast →

Home Value$194,176

-6.8%

AFFORDABILITY

Enter your income for Hanover.

Income (annual)

Down Payment

$38,835 on $194,176

Affordable — 19.9% of income

Under the 28% guideline.

PITI$1,245

P/I19.9%

Afford$273K

Room+$79K

P&I $982Tax $129Ins $133

6.50% 30yr, 20% down, county tax + NM ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Mexico

Compare Hanover with other housing markets across New Mexico.

Lamy$810K Los Ranchos de Albuquerque$685K Corrales$684K Placitas$635K Arroyo Seco$620K Alto$569K Santa Fe$569K Los Alamos$568K

Full Silver City, NM analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Silver City, NM metro.

View Silver City, NM metro →

HANOVER, NM