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City · 8,479 residents · Grafton County, New Hampshire

Hanover , New Hampshire

In Hanover, a typical home is worth $842,600 and typical rent is $2,254 a month. Compared with all of Grafton County, the typical home value is 145% higher, typical household income is 74% higher, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $842,600

    145% above the county

    109% above New Hampshire

    • Hanover
    • Grafton
    • New Hampshire

  • Typical rent

    $2,254a month

    73% above the county

    51% above New Hampshire

    • Hanover
    • Grafton
    • New Hampshire

  • Typical household income

    $153,281a year

    74% above the county

    55% above New Hampshire

    • Hanover
    • Grafton
    • New Hampshire

  • Households that own their home

    62%

    9 points below the county

    10 points below New Hampshire

    • Hanover
    • Grafton
    • New Hampshire

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$997,564
7.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hanover is in Grafton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grafton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hanover apart

What this place has that others do not, from public data, most unusual first.

  1. Hanover has the highest typical rent of the 26 cities in New Hampshire with more than 5,000 people: $2,254.

  2. Hanover has the highest typical household income of the 26 cities in New Hampshire with more than 5,000 people: $153,281.

  3. Hanover has the highest typical home value of the 26 cities in New Hampshire with more than 5,000 people: $842,600.

  4. Hanover has the largest share of rent-burdened renters of the 25 cities in New Hampshire with more than 5,000 people: 72%.

  5. Nearby, in Claremont, the typical home value is $204,600: 76% less than in Hanover ($842,600).

  6. Nearby, in Franklin, the typical rent is $1,110: 51% less than in Hanover ($2,254).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hanover

What homes there are in Hanover, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Hanover (54%), but less so than in Grafton County (61%).

Year built

There is more room for a big family here: 57% of homes have 3 bedrooms or more, against 53% in Grafton County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,924 a month

Grafton County: $2,070 a month

Owners with a mortgage

56%

Grafton County: 52%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Hanover rose 40%; in Grafton County, it rose 56%.

Since 2015–2019, the typical rent in Hanover rose 59%, more than in Grafton County (37%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHanoverGrafton CountyNew HampshireUnited States
Rental vacancy Unreliable estimate4.8%4.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.4%0.9%
More than one person per room Unreliable estimate0.9%1.4%3.4%
People per household 2.042.292.442.53
Drive alone 45%67%72%69%
Carpool Unreliable estimate9%7%9%
Public transit Unreliable estimate1%1%3%
Walk or bike 19%5%3%3%
Work from home 27%17%17%15%
Other means Unreliable estimate2%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Hanover are smaller: 2.04 people on average; in Grafton County, 2.29.

More people walk or bike to work in Hanover: 19%, against 5% in Grafton County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hanover?

A typical home costs more than the typical income allows

We start with a typical home in Hanover, worth $842,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 56% of the typical household income in Hanover, which is $153,281 a year. For that payment to be 28% of income, a household would need to earn about $307,029 a year. Note: at that price the loan is above the FHA limit for Grafton County ($541,287), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Grafton County.

Your numbers

Local data
$

Starts at the typical home value in Hanover. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $29,491 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$7,164

at 7.18% · 30 years

Loan amount
$827,338
Total interest
$1,190,346
Paid off in
November 2056

Includes $14,229 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,577 a month

  • Tight

    $3,577 to $4,598 a month

  • Hard

    more than $4,598 a month

    Your payment · 56%

Compared with the typical household income in Hanover ($153,281 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$7,164
Principal & interest$5,605
Property tax$836
Home insurance$351
FHA mortgage insurance (MIP)$373

This loan is over the FHA limit

You'd borrow $813,109, but the FHA limit for a one-unit home in Hanover is $541,287. You'd need a bigger down payment or a different loan.

You need at least $29,491 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hanover and Grafton County

Hanover is in Grafton County, New Hampshire. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hanover's own numbers

Typical home value
$842,600
Typical monthly rent
$2,254
Typical yearly household income
$153,281
Households that own their home
62%
Effective property tax rate
1.19%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Grafton County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,719
Price change over 5 years (FHFA)
+80%
Homes in a high flood-risk zone
4.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Grafton County.

Everything about Grafton County

Buying

Buying a home in Hanover

A typical home in Hanover is worth $842,600: 145% above the county and 109% above New Hampshire. With the typical household income in Hanover ($153,281 a year), a typical home costs 5.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hanover 5.5 years
  • Grafton 3.9 years
  • New Hampshire 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Grafton County

According to FHFA’s house price index, home prices in Grafton County rose 120% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Grafton County.

Period County New Hampshire U.S.
Last year (2025) +6.8% +4.7% +2.9%
5 years (2020–2025) +80% +66% +47%
10 years (2015–2025) +120% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hanover next to Grafton County, New Hampshire and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hanover $842,600
  • Grafton $344,500
  • New Hampshire $402,500
  • United States $332,700
Typical monthly rent
  • Hanover $2,254
  • Grafton $1,301
  • New Hampshire $1,491
  • United States $1,413
Typical yearly household income
  • Hanover $153,281
  • Grafton $88,261
  • New Hampshire $99,031
  • United States $80,734
See the full table
Hanover next to Grafton County and New Hampshire
Measure Hanover Grafton County New Hampshire U.S.
Typical home value $842,600 $344,500 $402,500 $332,700
Typical monthly rent $2,254 $1,301 $1,491 $1,413
Typical yearly household income $153,281 $88,261 $99,031 $80,734
Households that own their home 62% 71% 73% 65%
Typical yearly property tax $10,001 $5,925 $6,667 $3,119
Effective property tax rate 1.19% 1.72% 1.66% 0.94%
Renters with high rent for their income 72% 45% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grafton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hanover

For a typical $842,600 home in Hanover, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hanover's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $7,164a month

    Above the FHA limit for Grafton County ($541,287)
    Down payment
    $29,491
    Cash to close
    $54,769
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $373

  • Conventional, 5% down $7,010a month

    Least cash to close
    Down payment
    $42,130
    Cash to close
    $67,408
    Rate
    7.18%
    Mortgage insurance
    PMI · $400

  • Conventional, 20% down, no PMI $5,753a month

    Down payment
    $168,520
    Cash to close
    $193,798
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $6,532a month

    Down payment
    $126,390
    Cash to close
    $151,668
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hanover and for Grafton County.

Property tax

Effective rate in Hanover

1.19%of the home’s value each year

$10,001 a year for the typical owner in Hanover.

  • Hanover 1.19%
  • Grafton 1.72%
  • New Hampshire 1.66%

What New Hampshire publishes Deadline to apply for exemptions and credits: April 15 (New Hampshire General Court (Revised Statutes Annotated))

Exemptions and deadlines in New Hampshire

Flood risk in Grafton County

FEMA does not publish these numbers by city: they are for all of Grafton County.

Homes in the high-risk zone
4.2%
1,250
Of those, with NFIP insurance
18%
County New Hampshire U.S.
Homes in the high-risk zone 4.2% 2.8% 3.5%
Of those, with NFIP insurance 18% 26% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hanover

Typical rent in Hanover is $2,254 a month: 73% above the county. In Hanover, 72% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Grafton County, by unit size. To pay the 2-bedroom one ($1,719 a month) without spending more than 30% of your income, you would need to earn $33.06 an hour working full time.

HUD fair market rent for all of Grafton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,301 $25.02 $52,040
1 bedroom $1,310 $25.19 $52,400
2 bedrooms $1,719 $33.06 $68,760
3 bedrooms $2,331 $44.83 $93,240
4 bedrooms $2,367 $45.52 $94,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hanover

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hanover is in ZIP code 03755.

For 2 bedrooms it is $2,430: $711 more than the fair market rent for Grafton County ($1,719).

  • 03755 $2,430$3,290

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hanover when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hanover

HUD lists 5 buildings with rents for lower incomes in Hanover. These are the largest.

  • Giles 1 & 2 2 Granite Ln, Hanover 99 homes, 75 low-income · 1 bd: 9 · 2 bd: 79 · 3 bd: 11 · In service since 2008 · For families
  • Summer Park Phase 1 42 Lebanon St, Hanover 24 low-income homes · 1 bd: 12 · 2 bd: 12 · In service since 2020 · For older adults, people with disabilities
  • Summer Park Residences 4 Summer St, Hanover 03755 24 low-income homes · For older adults
  • Gile Hill Apartments Phase 2 5 White Pine Oval, Hanover 15 low-income homes · 1 bd: 15 · In service since 2016 · For families
  • Gile Hill 2 Gile Dr, Hanover 03755 61 homes, 2 low-income (603) 676-7721

See all 58 buildings in Grafton County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hanover

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Grafton County; none says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Hanover

No down payment, repair or rent-help program on our list is for Hanover or Grafton County. The ones below are statewide in New Hampshire: they work in Hanover the same as in the rest of the state.

Which programs do I qualify for? All programs in New Hampshire

  • New Hampshire Housing Cash Downpayment Assistance

    Statewide in New Hampshire

    New Hampshire state agency cash assistance of $5,000, $10,000 or $15,000 for the down payment with an NH Housing mortgage; open to any buyer who qualifies, not only first-time buyers. Offered by New Hampshire Housing.

    Type not stated

    See the program Official page

  • 1stGenHomeNH

    Statewide in New Hampshire

    Limited funds remain, per the source

    New Hampshire state agency help of $10,000 for the down payment, closing costs and the escrow account, as a second mortgage with no interest or payments, repaid when you sell, refinance or leave the home; for first-generation buyers, people who were in foster care, or refugees or asylees. Offered by New Hampshire Housing.

    Deferred

    See the program Official page

Housing counselors near Hanover

The HUD-approved agencies closest to the center of Hanover, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Affordable Housing, Education and Development, Inc. (AHEAD)

    262 Cottage St Ste 130, Littleton · 48 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (603) 444-1377

  • Neighborworks of Southern New Hampshire

    801 Elm St, Manchester · 64 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (603) 626-4663

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 65 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (603) 310-9287

Every agency in Grafton County All counseling agencies in New Hampshire

Help in Spanish near Hanover

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hanover

In HUD’s record, no housing authority with an office in Grafton County is named for Hanover or Grafton County.

One other authority has an office in Grafton County: see the list Source: HUD

Cities

Other cities in Grafton County

These cities are also in Grafton County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Grafton County Housing in New Hampshire

Nearby cities

The cities closest to Hanover, with the typical home value.

Neighboring counties

If Grafton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hanover.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Hanover

Short answers with the numbers for Hanover and all of Grafton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hanover?

The typical home value in Hanover is $842,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grafton County it is $344,500.

How much does it cost to rent in Hanover?

Typical rent in Hanover is $2,254 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grafton County is $1,719.

What is the FHA loan limit in Hanover?

Hanover uses the FHA limit for all of Grafton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hanover?

The typical homeowner in Hanover pays $10,001 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Grafton County, the rate is 1.72%.

Where can I find free help to buy or rent in Hanover?

There is 1 HUD-approved counseling agency with an office in Grafton County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).