Hanover, NH—03755
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hanover, NH
Home Price Trends — Hanover, NH
Hanover, NH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $928,000 | 1.0% |
| Single Family | $1,068,000 | 0.9% |
| Condos | $504,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $344,000 | -4.7% |
2 Bed | $499,000 | -0.4% |
3 Bed | $906,000 | 1.1% |
4 Bed | $1,209,000 | 0.9% |
| 5 Bed | $1,699,000 | 1.3% |
% of Housing Stock
Rental Trends — Hanover, NH
As of July '25, Rentcast reports the average rent in Hanover, NH is $3,720, with a year-over-year rent change of 22.8%. Per bedroom, the median rent as of July '25 in Hanover, NH is 2-bedrooms: $2,620, 3-bedrooms: $4,750, 4-bedrooms: $4,500. The most common rental property sizes in Hanover, NH are 2-bedroom and 1-bedroom, accounting for 47.9% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,540 | $2,620 |
| 3 Bed Rent | $3,750 | $4,750 |
| 4 Bed Rent | $5,000 | $4,500 |
% of Rental Stock
Property Listings — Hanover, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Hanover, NH is 60. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,700,000 | 43.0% |
Listing Count | 17 | 15.0% |
| Listings as % of Homes | 0.1% | 15.0% |
Days on Market | 60 | -34.0% |
Demographics — Hanover, NH
As of the latest ACS Survey released in 2023, Hanover, NH has a population of 10,600, which has decreased by -3.0% over the past 5 years. Hanover, NH is a less popular place for families, as children make up 11.4% of the population. The area has a highly educated workforce, with 85.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | -3.0% |
% Under 18 | 11.4% | -16.8% |
% Seniors | 18.2% | 30.0% |
% WFH | 23.4% | 207.9% |
% w/ College Degree | 85.8% | 4.5% |
As of the latest ACS Survey released in 2023, Hanover, NH is a predominantly white area, with 71.1% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Hanover, NH is asian, making up 12.3% of the population. Foreign-born residents account for 17.4% of the population in Hanover, NH, and this percentage has increased by 9.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.1% | -8.4% |
% Black | 3.7% | 5.7% |
% Hispanic | 5.2% | 36.8% |
% Asian | 12.3% | 0.0% |
% Foreign Born | 17.4% | 9.4% |
Mortgage and Risk — Hanover, NH
According to HUD data as of 2023, there were 82 mortgage originations in Hanover, NH, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Hanover, NH. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hanover, NH
Hanover, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,690 |
| 2 Bedroom | -$320 | $2,540 | $2,220 |
| 3 Bedroom | -$790 | $3,750 | $2,960 |
| 4 Bedroom | -$1,910 | $5,000 | $3,090 |
Affordability — Hanover, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $928,000 |
| Median Household Income | $161,000 |