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Grant County Housing Market

New Mexico · 33 counties · Ranked #1400 in home value

Below National Avg

Housing at a Glance

Median Home Value

$164,400

vs national$164,400 vs $281,900 national

Median Gross Rent

$810/mo

vs national$810 vs $1,163 national

Effective Tax Rate

0.46%

vs national0.46% vs 1.02% national

Median Household Income

$45,921

vs national$45,921 vs $74,755 national

Affordability Ratio

3.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$756

Tax as % of Home Value

0.46%

Monthly Owner Cost

$491

Renter Income

$26,443

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Frequently Asked Questions

What is the median home value in Grant County?

The median home value in Grant County is $164,400. This is below the national median of $281,900.

How much is rent in Grant County?

The median gross rent in Grant County is $810 per month.

What is the property tax rate in Grant County?

The effective property tax rate in Grant County is 0.46%. The median annual property tax bill is $756.

Is Grant County affordable?

With a home-value-to-income ratio of 3.6x, Grant County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.