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Housing Affordability in Hanover, NM
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 75.4%
- New Mexico 29.0%
- Homeowners paying 30%+
- 75.4%
- New Mexico 20.8%
Hanover has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Homeowners paying 30% or more8975.4%
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Hanover, NM | 75.4% | Not reported | 75.4% | Not reported |
| Grant County | 23.3% | 44.9% | 17.0% | 28.9% |
| New Mexico | 29.0% | 50.2% | 20.8% | 30.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Hanover, NM?
- In Hanover, NM, 75.4% of households spend 30% or more of their income on housing costs.
- How does Hanover compare with New Mexico?
- The households paying 30%+ for housing in Hanover is 75.4%, compared with 29.0% for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates