88120, Grady, NM

The home equity and home prices in the Grady, NM zip code of 88120 are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 5.5%. This is significantly higher than the national average of 2.9%, but still below the Albuquerque metro area's 7.2% growth rate over that time period.

There are a number of factors that contribute to this disparity, including location and size of the property, as well as current market conditions. In general, Grady is a desirable community with plenty of amenities and access to both major highways and airports. Additionally, there is a strong demand for housing in this area due to its proximity to both Los Alamos National Laboratory and Sandia National Laboratories (both designated as national security facilities).

Despite these positive factors, Grady's population has been growing at a slower rate than many other areas in New Mexico due largely to high unemployment rates in the region. As such, there is currently less demand for housing relative to available supply which has kept prices relatively stable over recent years.