87020, Grants, NM

The 87020 zip code of Grants, NM is located in the southeastern corner of the state and includes a population of just over 25,000 people. The median home value in this zip code is $136,500, which is considerably higher than the statewide median home value of $118,600. This high home value may be due to the fact that this area is relatively affluent and has a low rate of unemployment. Additionally, there are a number of luxury homes in this zip code that are worth more than $1 million.

Despite these high values, there are also a number of homes in the 87020 zip code that are worth less than $100,000. This indicates that not everyone who lives in this area is wealthy. In addition, although home values have increased significantly over the past few years, they may not continue to increase at this rate for long. There are several factors that could cause prices to decline including an increase in interest rates or a decrease in demand for homes in this area.