| ZIP Code | 88041 |
|---|---|
| City | Hanover |
| State | New Mexico (NM) |
| County | Grant County |
| Area Code | 575 |
| Elevation | 7,424 ft |
| Latitude | 32.810436 |
|---|---|
| Longitude | -107.882355 |
| Timezone | Denver (DST) |
| FIPS | 35017 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 60.2 yrs ↓ 4% since 2019 |
|---|---|
| Avg Household Size | 2.86 |
| Below Poverty | 12.1% ▲ 21% above avg |
| College Grads | 30.6% ▼ 21% below avg |
| Unemployment | 9.9% ▲ 102% above avg |
| HS Graduate | 355 (34.2%) |
| Some College | 151 (14.6%) |
| Associates | 214 (20.6%) |
| Bachelors | 85 (8.2%) |
| Graduate Degree | 232 (22.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $35,495 ▼ 53% below avg ↑ 12% since 2019 |
|---|---|
| Median Home Value | $145,800 ▼ 48% below avg ↑ 25% since 2019 |
| Home/Income Ratio | 4.1x (nat avg ~3.5x) |
| Total Units | 560 |
| Vacant Units | 143 |
| Avg HH Size | 2.86 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 560 |
|---|---|
| Vacant | 143 |
| Owner Occupied | 97.4% |
| Renter Occupied | 2.6% |
| Avg HH Size | 2.86 |
ZIP code 88041 is located in Hanover, New Mexico, within Grant County. With a population of 1,352, this is a sparsely populated ZIP code with an older community — the median age is 60.2 years. Economically, 88041 is a lower-income ZIP code: the median household income of $35,495 is well below the national average.
Real estate in ZIP code 88041 represents one of the more affordable housing markets in the country. The median home value of $145,800 is below the national average. Homeownership is strong here — 97.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 88041 is majority White (55.62%). Residents are moderately educated — 30.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 12.1%. Household income has grown by 12% since 2019.
The unemployment rate in 88041 stands at 9.9%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 95%.
Overall, ZIP code 88041 in Hanover, NM is characterized as lower-income, moderately educated, an older community, and predominantly owner-occupied. With 1,352 residents, a median household income of $35,495, and a median home value of $145,800, it offers a clear picture of life in this part of New Mexico.