Hanover, NM Profile: Facts & Data

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Hanover, New Mexico - Basic Facts

The Hanover CDP(1) had a population of 138 as of July 1, 2024.

The primary coordinate point for Hanover is located at latitude 32.8134 and longitude -108.0912 in Grant County. The formal boundaries for the Hanover Census Designated Place encompass a land area of 1.4 sq. miles and a water area of 0 sq. miles. Grant County is in the Mountain time zone (GMT -7).

The Hanover Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

New Mexico is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Hanover Census Designated Place is located within Mimbres Division of Grant County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Hanover 2024 Demographic Data
  2. Growth Rates for Hanover (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Mexico Research Tools (Easy Tools & Current Data)
  3. New Mexico Data Comparison Tool - 2024 Demographics
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Hanover, NM Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 138 (100%)
Population in Households 138 (100.0%)
Population in Families 90 (65.2%)
Population in Group Quarters1 0
Population Density 99
Diversity Index2 75
 
 

INCOME

Median Household Income $39,559
Average Household Income $54,957
% of Income for Mortgage4 23%
Per Capita Income $23,894
Wealth Index5 51
Socioeconomic Status Index6 Moderate (63.1)
 

HOUSING

Total HU (Housing Units) 81 (100%)
Owner Occupied HU 51 (63.0%)
Renter Occupied HU 9 (11.1%)
Vacant Housing Units 21 (25.9%)
Median Home Value $143,056
Average Home Value $184,804
Housing Affordability Index3 115
 

HOUSEHOLDS

Total Households 60
Average Household Size 2.30
Family Households 29
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2024 2024-2029
Population -1.00% -0.74%
Households -0.77% 0.00%
Families   1.34%
Median Household Income   0.76%
Per Capita Income   2.35%
Owner Occupied HU   0.39%

Hanover, NM - Peer Comparisons by Rank and Percentile

The table below compares Hanover to the other 527 incorporated cities, towns and CDPs in New Mexico by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 399 24th
Population Density # 322 39th
Median Household Income # 401 24th
Housing Affordability Index # 356 68th
Per Capita Income # 366 31st
Diversity Index # 265 50th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Mexico Census Data Comparison Tool.

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