Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$178,942−4.8% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$38,791About 0.8× the local median income ($49,111): affordable for a typical household
Days on market109 daysSlower than a year ago: buyers have time to negotiate
The typical home in Grant County, NM is worth $178,942, down 4.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $194,934, so the area is 8.2% undervalued. It is a balanced market, leaning toward buyers: homes take about 109 days to sell, listings are down 15% from a year ago, 14% of listings have had a price cut. A household needs about $38,791 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $49,111. In the latest IRS figures, 5 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$178,942
Change in 1 year
−4.8%
Overvalued %
−8.2%
Show 6 more
Fair home value
$194,934
Change in 5 years
−4.7%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$970
Income needed to afford it
$38,791
Property tax rate
0.46%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,070
Market activity
Listings vs a year ago
−15.2%
Days on market
109
Listings with a price cut
13.7%
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Homes for sale
128
Pending sales per 100 listings
23
Asking price per sq ft
$180
People and jobs
Median household income
$49,111
Population change (1 year)
−0.9%
Unemployment rate
8.4%
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Population
27,252
Income adjusted for cost of living
$57,172
Net moves in (IRS)
−5
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
74.1
Flood risk score
83.7
Show 3 more
Wildfire risk score
96.9
Walkability (1 to 20)
6.4
Road, rail and air noise
53 dB
Questions people ask
Is Grant County, NM overvalued?
Home prices in Grant County, NM are slightly below what local incomes have historically supported: fair value is about $194,934, so the area is 8.2% undervalued.
Is Grant County, NM a buyer's or seller's market?
Grant County, NM is a balanced market, leaning toward buyers: homes take about 109 days to sell, listings are down 15% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Grant County, NM?
Home values in Grant County, NM are down 4.8% over the last year.
How much do you need to earn to buy a home in Grant County, NM?
A household needs about $38,791 a year to afford the typical home in Grant County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $49,111.