The housing market in Grants, NM (zip code 87020) is extremely strong. According to available data, the median value of homes in Grants is $141,500, which is nearly half that of the national median value of $338,100. However, this lower median home value is more than made up for by an impressive 13.83% one-year rate of appreciation - significantly higher than the 8.27% average rate nationally. This indicates that those looking to buy or invest in real estate in Grants are likely to see sizable returns on their investments over a short period of time.
The median home cost in Grants (zip 87020) is $141,500. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Grants (zip 87020) is up 16.7%.
Average Age of Homes
- The median age of Grants (zip 87020) real estate is 43 years old
The Rental Market in Grants (zip 87020)
- Renters make up 29.9% of the Grants (zip 87020) population
- 1.5% of houses and apartments in Grants (zip 87020), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.