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Hanover, NH—03755

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$935,000
1.4% YoY Growth
Household Income
$161,000
42.2% YoY Growth
Days on Market
67
17.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$3,500
22.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,540
10.1% YoY Growth
3-Bed Rent
$3,750
1.1% YoY Growth

Other Zip Codes in Hanover, NH

03750
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hanover, NH

Hanover, NH lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$935,0001.4%
Single Family $1,078,0001.5%
Condos $496,000-2.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
$339,000-4.2%
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		$493,0000.4%
    3 Bed
    		$910,0001.8%
    4 Bed
    		$1,221,0001.3%
    5 Bed $1,706,9791.3%
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    % of Housing Stock

    Studio
    4.7%
    1 Bedroom
    16.0%
    2 Bedrooms
    20.2%
    3 Bedrooms
    27.6%
    4 Bedrooms
    24.7%
    5+ Bedrooms
    6.8%

    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.

    TypeMedian RentAverage Rent
    Average Rent$3,500$3,720
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $2,540$2,620
    3 Bed Rent $3,750$4,750
    4 Bed Rent $5,000$4,500
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    % of Rental Stock

    Studio
    13.2%
    1 Bedroom
    22.2%
    2 Bedrooms
    47.9%
    3 Bedrooms
    13.3%
    4 Bedrooms
    3.4%

    Property Listings — Hanover, NH

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hanover, NH is 80. This is a decrease of -22.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,140,00052.0%
    Listing Count
    		7-3.0%
    Listings as % of Homes0.1%-3.0%
    Days on Market
    		67-17.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$935,000
    Median Household Income$161,000

    Hanover, NH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hanover, NH

    03750

    Thetford, VT

    05043

    Lebanon, NH

    03766

    Lyme, NH

    03768

    Norwich, VT

    05055

    Frequently Asked Questions