Hanover, NM Foreclosures
How much do homes sell for in Hanover, NM?
The average home price is currently $146,253.
In Hanover, NM, how many homes are available?
There are currently 1 active home listings available in Hanover.
What’s the average rental cost in Hanover, NM?
The average rental price in Hanover is $861.
What is the most expensive home in Hanover?
The most expensive home sold in Hanover had a price of $477,938.
What is currently the cheapest priced home in Hanover, NM?
The cheapest home for sale in Hanover is priced at $31,231.
Living in Hanover, NM
Hanover, NM is a tranquil, rural community nestled near the stunning Gila National Forest. With a strong sense of community and a plethora of outdoor activities available, it's an ideal place for those looking for a peaceful lifestyle. The proximity to Silver City enhances access to urban amenities, making it a perfect blend of rural and urban living.
Current Market Conditions in Hanover, NM
The real estate market in Hanover is relatively stable, with a mix of affordable homes and larger properties that attract buyers looking for land. The community's appeal lies in its natural beauty and outdoor activities, making it a desirable location for those seeking a quieter lifestyle away from the city bustle. The market shows signs of steady interest, particularly from buyers looking for vacation homes or retirement destinations.
While the inventory of homes for sale in Hanover can be limited, properties tend to sell relatively quickly when they are reasonably priced and well-maintained. Recent trends suggest an increasing interest in rural living, leading to slight price increases as demand grows.
Home Value Estimator For Hanover, NM
There are currently 144 real estate properties
in Hanover, NM,
with a median automated valuation model (AVM) price
of $105,592.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hanover, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Hanover, NM,
is $146,253.00, with the most expensive house
in Hanover, NM, topping out
at $477,938.00 and the cheapest home
in Hanover, NM,
clocking in at $31,231.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hanover, NM!
Rent Prices
In Hanover, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hanover, NM, is on
a rollercoaster ride. The
average rent price in Hanover, NM,
is $861.00. Indeed, when looking to rent in
Hanover, NM, you can expect to pay as little
as $480.00 or as much
as $1,480.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Hanover, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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