Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Grant County, New Mexico?
County · Census ACS 5-Year estimates
The median gross rent in Grant County, New Mexico is $825/month (±$28), based on Census ACS 5-Year estimates (2024). The median home value is $175,600 (±$11,370), and the median household income is $44,958/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Grant County, New Mexico and Neighbouring Counties
Housing Metrics for Grant County, New Mexico
| Metric | Value |
|---|---|
| Median Gross Rent | $825 |
| Median Home Value | $175,600 |
| Median Household Income | $44,958 |
| Total Housing Units | 11,295 |
| Renter-Occupied Units | 2,734 |
| Renter-Occupied Share | 24% |
| Households Paying 50%+ Income | 641 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $561 | n/a |
| 1 BR | $660 | -0.8% |
| 2 BR | $845 | +5.1% |
| 3 BR | $900 | +6.0% |
How does Grant County, New Mexico compare?
Median gross rent ranked against all counties in New Mexico.
Higher rent than 42% of counties in New Mexico · 20th of 33
| # | County | Value |
|---|---|---|
| 1 | Sandoval County | $1,427 |
| 2 | Santa Fe County | $1,389 |
| 3 | Los Alamos County | $1,375 |
| … 16 more … | ||
| 20 | Grant County(you are here) | $825 |
| … 10 more … | ||
| 31 | Luna County | $650 |
| 32 | Guadalupe County | $590 |
| 33 | De Baca County | $387 |
More data for Grant County, New Mexico
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Frequently asked questions
What is the average rent in Grant County, New Mexico?
The median gross rent in Grant County, New Mexico is $825/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Grant County, New Mexico?
The median rent for a 2-bedroom in Grant County, New Mexico is $845/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$20. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Grant County, New Mexico?
The median home value in Grant County, New Mexico is $175,600 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Grant County are rent-burdened?
In Grant County, New Mexico, 641 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Grant County, New Mexico?
The median household income in Grant County, New Mexico is $44,958/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $825 has a margin of error of ±$28. In very small areas, MOEs can be large relative to the estimate.
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