Rental numbers for Grant County, NM
The typical home here runs -$216 a month at 7.78% with 25% down, breaking even at about 5.4%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.5%.
- Gross yield
- 8.6%
- typical home, Zillow
- Median ZIP yield
- 7.5%
- 1 ZIPs with full data
- Cash flow
- -$216/mo
- at 7.78%, 25% down
- Typical price
- $186,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,329/mo
- Zillow ZORI, Aug 2026
ZIP codes in Grant County
11 with published figures
| 88026Santa Clara | $98,000 | $1,040* | 12.8% | 8.0% | +$121 | n/a |
| 88043Hurley | $113,000 | $1,130* | 12.0% | 7.4% | +$89 | n/a |
| 88023Bayard | $109,000 | $970* | 10.7% | 6.2% | -$25 | n/a |
| 88061Silver City | $224,000 | $1,400 | 7.5% | 4.3% | -$406 | n/a |
| 88041Hanover | $172,000 | $1,050* | 7.3% | 3.9% | -$368 | n/a |
| 88065Silver City | $181,000 | $1,080* | 7.2% | 3.7% | -$415 | n/a |
| 88038Gila | $203,000 | $1,050* | 6.2% | 3.3% | -$533 | n/a |
| 88022Arenas Valley | $214,000 | $1,070* | 6.0% | 3.0% | -$616 | n/a |
| 88053Silver City | $206,000 | $970* | 5.7% | 2.6% | -$661 | n/a |
| 88049Hanover | $236,000 | $1,050* | 5.3% | 2.4% | -$799 | n/a |
| 88028Cliff | $261,000 | $1,050* | 4.8% | 2.1% | -$952 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -5.2%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.46%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $193,011 | n/a |
| Aug 2022 | $215,749 | n/a |
| Aug 2023 | $223,456 | n/a |
| Aug 2024 | $224,431 | n/a |
| Aug 2025 | $196,172 | n/a |
| Aug 2026 | $185,980 | $1,329 |
HUD Fair Market Rent
FY2027, Grant County, NM
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $820 | $825 | $1,070 | $1,286 | $1,678 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
The Building Permits Survey has no figure for this county.
Tools
Test a listing in Grant County against today's rate.
Open the calculatorPart of the Silver City, NM metro.
Questions
- Is Grant County good for rental property?
- The typical home here runs -$216 a month at 7.78% with 25% down, breaking even at about 5.4%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.5%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Grant County?
- About 0.46% of value, from Census ACS median taxes paid over median home value. On a $186,000 home that is about $856 a year.
- What is Fair Market Rent in Grant County?
- HUD's FY2027 Fair Market Rent here is $825 for a 1-bedroom, $1,070 for a 2-bedroom and $1,286 for a 3-bedroom. Typical cash flow at today's rate is -$216 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.