Grant County, NM real estate

What the numbers say

Grant County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Grant County pay a median of $808 a year in property taxes on a median home value of $175,600, an effective rate of about 0.46%. The New Mexico average is 0.70%, which makes Grant County the #7 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $825 a month, and $845 for a two-bedroom. At today's prices a typical home costs about 18 times a year's rent.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $176,000 home here comes to about $1,098 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $47,000 a year (the median household here earns $44,958).