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Grants

Learn about the people, housing, costs and businesses in Grants, New Mexico

Median Home$157,798
Median Rent$784/month
Population8,292
Leading IndustriesManufacturing · Public Administration3% manufacturing
Home Value Growth⬆⬆+16.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners63% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$158k median home · lower cost than 71% of the country
Grants
NM

Frequently Asked Questions

What are today's mortgage rates in Grants?

As of today, the 30-year fixed mortgage rate for Grants is approximately 6.990% (7.032% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Grants?

The median home value in Grants is $158k. The median monthly rent is $784. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grants?

Home values in Grants have increased 16.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Grants?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grants is $48k/year.

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What industries drive the economy in Grants?

The largest employment sectors in Grants are public administration (27%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.