Grants, NM home prices
Typical home $159,084 · +8.6% in a year · income needed $44,600
The Grants, NM metro area ranks 796 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.6% in a year and +29.3% over five years. With 20% down at 7.11%, the typical home costs about $1,042 a month including 0.8% property tax (Cibola County rate).
Mortgage on the typical Grants home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $31,817 | $127,267 | $856 | $0 | $186 | $1,042 | $44,600 |
| 10% down | $15,908 | $143,175 | $963 | $60 | $186 | $1,208 | $51,800 |
| 5% down | $7,954 | $151,130 | $1,017 | $63 | $186 | $1,265 | $54,200 |
| 3.5% down (FHA) | $5,568 | $156,202 | $1,051 | $70 | $186 | $1,307 | $56,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Grants area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cibola County, NM | $159,086 | +8.5% | 0.8% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Grants?
The typical home in the Grants, NM metro area is worth $159,084 (Zillow, September 2026).
What salary do you need to buy a house in Grants?
About $44,600 a year for the typical home with 20% down at 7.11%.