Neighborhood Guide

Hanover Place

Centennial, CO 80121

Data Verified: Jul 6, 2026

About this Area

Hanover Place, nestled in the heart of Centennial, Colorado, is a neighborhood that exudes a warm, family-friendly atmosphere with a touch of suburban elegance. Developed in the early 2000s, Hanover Place was designed with a focus on creating a harmonious blend of modern living and community engagement. The neighborhood’s name pays homage to the historic Hanover family, who were early settlers in the region, and this heritage is reflected in the thoughtful landscaping and architectural details that pay tribute to Colorado’s rich history. Residents here enjoy a peaceful, suburban lifestyle with a strong emphasis on outdoor recreation, as evidenced by the well-maintained parks and walking trails that weave through the area. The close-knit community is known for its friendly neighbors, active homeowners' association, and regular social events like summer barbecues and holiday light contests, which foster a sense of belonging and pride among residents.

Hanover Place features a diverse and attractive real estate market, with homes that cater to a variety of lifestyles and preferences, though the median home value is approximately $684,900. The architectural styles in this neighborhood are predominantly single-family residences, with many homes showcasing contemporary designs characterized by open floor plans, large windows, and expansive backyards. Lot sizes typically range from 0.20 to 0.35 acres, providing ample space for families to enjoy outdoor activities and gardening. Many properties were built between 2000 and 2010, ensuring a mix of modern amenities and classic charm, while newer constructions offer cutting-edge features like solar panels, smart home systems, and sustainable building materials. The real estate market in Hanover Place is competitive, with homes often selling quickly due to their desirable location and high-quality construction.

Residents of Hanover Place enjoy a wealth of amenities that enhance their quality of life. The neighborhood is conveniently located near the bustling Arapahoe Crossing Shopping Center, which offers a variety of retail stores, grocery options, and dining establishments, including popular chains like Whole Foods and The Fresh Market. For outdoor enthusiasts, the nearby Highline Canal Trail provides over 70 miles of scenic walking, biking, and horseback riding paths, while the Centennial Golf Course offers a challenging 18-hole course for golfers of all skill levels. Education is a top priority here, with highly rated schools like Arapahoe High School and Centennial Elementary serving the community, ensuring excellent academic opportunities for children. Additionally, the neighborhood is just a short drive from the Denver Tech Center, providing easy access to major employers and business hubs.

Living in Hanover Place offers the perfect combination of suburban tranquility and urban convenience, making it an ideal location for families, professionals, and retirees alike. With a median household income of $136,287, residents enjoy financial stability and access to high-paying employment opportunities in nearby Denver and the tech sector. The neighborhood’s proximity to top-rated schools, premier shopping destinations, and major highways like I-25 and E-470 ensures that residents have everything they need within reach. Commute times are reasonable, with most residents reaching downtown Denver in under 30 minutes, making it an excellent choice for those who work in the city but prefer to live in a quieter, more community-oriented setting. The strong sense of community, combined with the neighborhood’s aesthetic appeal and robust amenities, makes Hanover Place a highly desirable place to call home. Whether you're raising a family, advancing your career, or enjoying retirement, this neighborhood offers the perfect blend of comfort, convenience, and opportunity.

Homendo Valuation Index
Quality of Life 85
Environment 85
Education 97
Safety 94
Demographics
Population
17,929
Density
3,800
Median Age
48.6
Income
$136,287
StatisticZipCityCountyStateUSA
Population 17,929 107,386655,7095,810,774332,387,540
Median Age 48.6 41.837.337.538.7
People per Household 2.42 2.552.562.452.54
Median Household Income $136,287 $128,167$97,215$92,470$78,538
Avg Income per Capita $89,480 $63,885$51,942$50,489$43,289
Real Estate Market
Median Value
$684,900
Median Rent
$1,797
Available
67
MetricZipCityCountyStateUSA
Median Sale Price$684,900$626,700$526,000$502,200$303,400
Median Age of Home5343403845
Homes Owned83.8%79.4%62.2%60.6%58.2%
Homes Rented13.5%18.2%33.3%30.8%31.3%
Homes Vacant2.8%2.3%4.5%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index150.3150.3150.3150.3100.0
Commute Time (min)24.425.827.325.526.6
Work from Home25.8%24.7%18.6%18.8%13.5%
Climate
Jan Low
15.3°
July High
91.3°
Rain
16.3"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)15.315.315.315.315.3
July Avg High (°F)91.391.391.391.391.3
Annual Precip (in)16.316.316.316.316.3
Safety & Crime
Violent Crimes (per 100k)
TypeZipCityCountyStateUSA
Assault350.5350.5350.5350.5350.5
Murder4.54.54.54.54.5
Robbery63.063.063.063.063.0
Property Crimes (per 100k)
TypeZipCityCountyStateUSA
Burglary348.0348.0348.0348.0348.0
Theft1754.21754.21754.21754.21754.2

Neighborhood Insights

AI-Ready Analysis for Hanover Place

Hanover Place is an affluent community with above-average earning potential located in Centennial. The neighborhood is characterized by a very high stability rate, with 83.8% of residents owning their homes. This typically indicates a long-term, established neighborhood structure..

Demographically, the area tends to attract established professionals and retirees (Median Age: 48.6), creating a unique community atmosphere. With a median household income of $136,287, residents enjoy a quality of life that supports local commerce and community maintenance.
Source: Homendo Network Market Data Analysis (2026).

The real estate market in Hanover Place is currently active. The median home value stands at $684,900, reflecting the desirability of the Centennial area. For investors or those looking to lease, the median rent is approximately $1,797.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 2.8%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Hanover Place holds a Homendo Safety Score of 94 and an Environmental Quality Score of 85. These metrics are calculated based on local crime statistics per 100k residents and environmental factors like air quality and park density.

Compared to the broader Centennial region, this neighborhood offers a specific balance of security and outdoor accessibility that appeals to safety-conscious buyers.
Source: Homendo Network Market Data Analysis (2026).

The educational landscape in Hanover Place is rated at 97 on the Homendo Index. Located within the Arapahoe County jurisdiction, residents have access to a network of public and private institutions. Families often choose this area specifically for access to these educational resources.
Source: Homendo Network Market Data Analysis (2026).