Welcome to the forums
@Hudiniyo.
I too am skeptical of your router's WiFi getting hacked (over the air). Please tell us how you know you're hacked.
Have you previously shared your WiFi password with this neighbor in the past? He may have one of your internal devices infected and can get in no matter what password you come up with.
If you really are hacked. First, check externally that your internet connection to the world isn't tappable.
Second, disconnect all devices connected to the network. Do not reconnect them until you've either thoroughly scanned them or have performed a clean OS install on each. Even having done this, do not reconnect them until all steps are completed here.
Third, disconnect the router's WAN port/connection and fully reset and configure your router offline, without using any saved backup config files, any USB drives (that you haven't scanned for virii), and without connecting to your ISP until your router is as fully configured, and secured, as possible.
The computing power to 'hack' a truly random (you're not using common phrases, are you?) 40-character WiFi password is not in reach of any home user today (even if they're using quantum computing hardware that can fit inside a room of a normal home).