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Affordable
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These days, finding an affordable place to live in the Grady area can be challenging. Home prices in Grady are now at a median cost of $278,172, higher than the New Mexico average of $265,486.
The average cost of rent is $1,149/mo in Grady, primarily driven by the current value of real estate in the Grady area. In Grady, 42.60% of households rent, and 49.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grady is $4,788 per month. Households that rent pay about 24.00% of their income on rent here. Grady’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Broadview, NM: higher priced homes
- Bellview, NM: higher priced homes
- McAlister, NM: less expensive homes
- Rhea, TX: less expensive homes
- Quay, NM: less expensive homes
- Westway, TX: equally priced homes
- Summerfield, TX: less expensive homes
- Hereford, TX: less expensive homes
- Cuervo, NM: less expensive homes
- Dawn, TX: less expensive homes
Cities with Similar Populations
- Cuchillo, NM: less expensive homes
- Cornstalk, WV: less expensive homes
- Cotton Grove, NC: less expensive homes
- Crains Mills, NY: less expensive homes
- Cranberry Lake, NY: less expensive homes
- Cranberry, NC: less expensive homes
- Crandon, VA: less expensive homes
- Cranes Nest, VA: less expensive homes
- Cravens, AR: less expensive homes
- Craycraft, KY: less expensive homes
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