What is the Best Neighborhoods USA ranking for Hanover Place?
Hanover Place is ranked #128 of 143 eligible neighborhoods in Kansas City; #293 of 331 eligible neighborhoods in MO; and #13,273 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hanover Place
Kansas City, MO | Jackson County
Scored premium profile
Best Neighborhoods USA Index
31.2
Stability and Strength
36.3
Value Opportunity
28.7
Momentum
26.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Kansas City, MO |
| County | Jackson County |
| National rank | #13,273 of 14,967 |
| State rank | #293 of 331 |
| City rank | #128 of 143 |
| County rank | #168 of 183 |
| National percentile | 11.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $386,735 |
| Year-over-year home value change | -3.5% |
| Month-over-month home value change | 0.14% |
| Home value to income ratio | 12.08 |
| Median household income | $32,005 |
| Bachelor's degree or higher | 57.8% |
| Civilian unemployment rate | 3.3% |
| Homeownership rate | 23.2% |
| Housing vacancy rate | 16.5% |
| Rent burden 30% or higher | 57.3% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Hanover Place
Is Hanover Place one of the best neighborhoods in Kansas City?
Hanover Place has a Best Neighborhoods USA Index of 31.2 and a city ranking of #128 of 143 eligible neighborhoods in Kansas City.
How much are homes worth in Hanover Place?
The current Zillow Home Value Index for Hanover Place is approximately $386,735.
Are home values rising or falling in Hanover Place?
Zillow neighborhood values changed -3.5% year over year and 0.14% month over month.
What is the Neighborhood Momentum Score for Hanover Place?
Hanover Place has a Neighborhood Momentum Score of 26.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hanover Place?
The NDS-derived neighborhood median household income is approximately $32,005.
How affordable is Hanover Place relative to household income?
The current Zillow home-value-to-household-income ratio is 12.08. Price-to-income affordability is a major Value Opportunity input.
Is Hanover Place primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 23.2%.
What is the unemployment rate in Hanover Place?
The NDS-derived civilian unemployment rate is approximately 3.3%.
How educated are residents of Hanover Place?
Approximately 57.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hanover Place face high rent burden?
Approximately 57.3% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Hanover Place?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications30
Estimated originations19
Home-purchase applications13
Origination rate63.3%
Home-purchase share44.5%
Average application loan$946,492
Total application loan amount$28,130,739
National application rank#9,265 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -1.6% YoY; originations 0.8% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.