Grants, NM 87020 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grants, NM—87020

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$145,000

3.0% YoY Growth

Household Income

$67,500

94.4% YoY Growth

Days on Market

138

46.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$750

40.1% YoY Growth

1-Bed Rent

$660

2.5% YoY Growth

2-Bed Rent

$750

13.8% YoY Growth

3-Bed Rent

$1,300

98.3% YoY Growth

Home Price Trends — Grants, NM

As of Dec '25, the median home price in Grants, NM is $145,000, with a year-over-year change of 3.0%. This indicates that home prices in Grants, NM are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$145,000	3.0%
Single Family	$144,000	1.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

19.7%

2 Bedrooms

44.9%

3 Bedrooms

33.5%

4 Bedrooms

2.0%

Property Listings — Grants, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Grants, NM is 121. This is a increase of 32.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$182,000	4.0%
Listing Count	36	-2.0%
Listings as % of Homes	0.4%	-2.0%
Days on Market	138	46.0%

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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%

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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%

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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%

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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

Grants, NM—87020

Key Metrics at a Glance

Home Price Trends — Grants, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grants, NM

% of Rental Stock

Property Listings — Grants, NM

Demographics — Grants, NM

Race and Ethnicity

Mortgage and Risk — Grants, NM

Mortgages

Rentals and Section 8 — Grants, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Grants, NM

Home Price to Income Ratio

Grants, NM — ZIP Code Boundary Map

Nearby ZIP Codes

San Rafael

Toltec

Acoma Village

Prewitt, NM

North Chaves, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$145,000
Median Household Income	$67,500

Grants, NM—87020

Key Metrics at a Glance

Home Price Trends — Grants, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grants, NM

% of Rental Stock

Property Listings — Grants, NM

Demographics — Grants, NM

Race and Ethnicity

Mortgage and Risk — Grants, NM

Mortgages

Rentals and Section 8 — Grants, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Grants, NM

Home Price to Income Ratio

Grants, NM — ZIP Code Boundary Map

Nearby ZIP Codes

San Rafael

Toltec

Acoma Village

Prewitt, NM

North Chaves, NM

Frequently Asked Questions

What is the average home price in Grants, NM 87020?

How have home prices in Grants, NM 87020 changed over the past year?

What is the home price projection for Grants, NM 87020?

What are the demographics of Grants, NM 87020?

How long does it take homes to sell in Grants, NM 87020?

What is the average rent price in Grants, NM 87020?