Grants, NM—87020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grants, NM
As of Oct '25, the median home price in Grants, NM is $146,000, with a year-over-year change of 3.7%. This indicates that home prices in Grants, NM are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $146,000 | 3.7% |
| Single Family | $146,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $147,000 | 2.1% |
4 Bed | $223,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grants, NM
As of July '25, Rentcast reports the average rent in Grants, NM is $988, with a year-over-year rent change of 40.1%. Per bedroom, the median rent as of July '25 in Grants, NM is 1-bedrooms: $658, 2-bedrooms: $859, 3-bedrooms: $1,440, 4-bedrooms: $1,600. The most common rental property sizes in Grants, NM are 2-bedroom and 3-bedroom, accounting for 44.9% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $988 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $660 | $658 |
| 2 Bed Rent | $750 | $859 |
| 3 Bed Rent | $1,300 | $1,440 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Grants, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Grants, NM is 108. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $180,000 | -5.0% |
Listing Count | 43 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 108 | 13.0% |
Demographics — Grants, NM
As of the latest ACS Survey released in 2023, Grants, NM has a population of 11,900, which has increased by 6.3% over the past 5 years. Grants, NM is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 6.3% |
% Under 18 | 23.5% | -1.3% |
% Seniors | 15.5% | -15.3% |
% WFH | 9.9% | 8.8% |
% w/ College Degree | 23.1% | 35.9% |
As of the latest ACS Survey released in 2023, Grants, NM is a predominantly hispanic area, with 53.0% of the population identifying as hispanic. The hispanic population has grown by 12.8% in the last 5 years. The second most common race or ethnicity in Grants, NM is white, making up 26.6% of the population. Foreign-born residents account for 4.5% of the population in Grants, NM, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.6% | -17.4% |
% Black | 4.6% | 155.6% |
% Hispanic | 53.0% | 12.8% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 4.5% | 28.6% |
Mortgage and Risk — Grants, NM
According to HUD data as of 2023, there were 97 mortgage originations in Grants, NM, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Grants, NM. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 97 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Grants, NM
Grants, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 305 |
Total Units Section 8 | 249 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $660 | $810 |
| 2 Bedroom | $220 | $750 | $970 |
| 3 Bedroom | -$80 | $1,300 | $1,220 |
| 4 Bedroom | -$310 | $1,600 | $1,290 |
Affordability — Grants, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $146,000 |
| Median Household Income | $67,500 |