Grassie Place 87357 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grassie Place—87357

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

$26,200

12.0% YoY Growth

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Grassie Place

Grassie Place lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Grassie Place

Grassie Place lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

7.9%

1 Bedroom

0.9%

2 Bedrooms

19.2%

3 Bedrooms

32.7%

4 Bedrooms

39.3%

Property Listings — Grassie Place

Grassie Place lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — Grassie Place

As of the latest ACS Survey released in 2023, Grassie Place has a population of 1,160, which has increased by 42.1% over the past 5 years. Grassie Place is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,160	42.1%
% Under 18	27.7%	-20.4%
% Seniors	15.3%	48.5%
% WFH	10.4%	33.3%
% w/ College Degree	13.5%	-16.1%

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As of the latest ACS Survey released in 2023, Grassie Place is a predominantly hispanic area, with 13.3% of the population identifying as hispanic. The hispanic population has grown by 1800.0% in the last 5 years. The second most common race or ethnicity in Grassie Place is asian, making up 3.4% of the population. Foreign-born residents account for 3.8% of the population in Grassie Place, and this percentage has increased by Inf% 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	0.3%	-97.1%
% Black	0.0%	-100.0%
% Hispanic	13.3%	1,800.0%
% Asian	3.4%	∞%
% Foreign Born	3.8%	∞%

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Mortgage and Risk — Grassie Place

According to HUD data as of 2023, there were 2 mortgage originations in Grassie Place, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Grassie Place. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	2
% Conventional Loans	50.0%
% Government Loans	50.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	0.0%

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Rentals and Section 8 — Grassie Place

Grassie Place lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$780
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,170
4 Bedroom	N/A	N/A	$1,240

Grassie Place—87357

Key Metrics at a Glance

Home Price Trends — Grassie Place

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grassie Place

% of Rental Stock

Property Listings — Grassie Place

Demographics — Grassie Place

Race and Ethnicity

Mortgage and Risk — Grassie Place

Mortgages

Rentals and Section 8 — Grassie Place

Section 8 Market Size

Section 8 Opportunity

Affordability — Grassie Place

Home Price to Income Ratio

Grassie Place — ZIP Code Boundary Map

Nearby ZIP Codes

Tingle, NM

Pinehill, NM

Black Rock

Grants, NM

Basgal Place

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$26,200

Grassie Place—87357

Key Metrics at a Glance

Home Price Trends — Grassie Place

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grassie Place

% of Rental Stock

Property Listings — Grassie Place

Demographics — Grassie Place

Race and Ethnicity

Mortgage and Risk — Grassie Place

Mortgages

Rentals and Section 8 — Grassie Place

Section 8 Market Size

Section 8 Opportunity

Affordability — Grassie Place

Home Price to Income Ratio

Grassie Place — ZIP Code Boundary Map

Nearby ZIP Codes

Tingle, NM

Pinehill, NM

Black Rock

Grants, NM

Basgal Place

Frequently Asked Questions

What is the average home price in Grassie Place 87357?

How have home prices in Grassie Place 87357 changed over the past year?

What is the home price projection for Grassie Place 87357?

What are the demographics of Grassie Place 87357?

How long does it take homes to sell in Grassie Place 87357?

What is the average rent price in Grassie Place 87357?