Market Overview
Home Prices in Grants, NM
The median home value in Grants, NM is $160,145 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grants are priced61% below average. Grants is part of the Grants, NM metro area.
Over the past five years, Grants home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Grants Home Price Trend
City Comparison
Grants vs. National Median
At $160,145, homes in Grants cost 61% below the national median of $410,000. This makes Grants a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grants?
20% Down Payment
$32,029
on $160,145
Monthly P&I
$835/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,060/mo
incl. taxes & insurance
Income Needed
$42,400
gross annual (30% rule)
10% Down Option
$16,015
+ PMI applies
Loan Amount (20% dn)
$128,116
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grants, NM?
The median home value in Grants is $160,145 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Grants?
Over the past year, home values in Grants have increased by 3.9%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Grants?
To comfortably afford the median home price of $160,145 with a 20% down payment ($32,029) at today's rates (6.8%), you'd need a gross annual income of approximately $42,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Grants compare to the national average home price?
The national median home value is approximately $410,000. At $160,145, homes in Grants are 61% below the national average.
What metro area is Grants part of?
Grants is part of the Grants, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.