88049
Hanover, New Mexico.
Hanover, Grant County, NM · Silver City, NM metro · population 807
to buy the typical home at today's mortgage rate — +$615 (+106%) since Jan 2020.
- 1 year
- Down $12,691 -5%
- $240,625$227,934 since Sep 2025
- 5 years
- Up $32,219 +16%
- $195,716$227,934 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 88049$1,196
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 23 years.
Typical home values in zip 88049 fell 5.3% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Hanover, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 88049
Mid-tier homes, smoothed and seasonally adjusted.
- 88049$227,934
- Silver City$178,898
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 13.5 | 88053 | Pinos Altos | 113 | — | $201,771 |
| 18.3 | 88022 | Arenas Valley | 1,326 | — | $205,565 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.