Home Insurance in Grady, New Mexico
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Grady was built around 1948. About 74% of homes were built before 1960, about 50 points above Curry County's 23%.
In Grady, the housing stock is 97% single-family homes and 3% mobile or manufactured homes.
50% of owner-occupied homes in Grady carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 16% of occupied homes in Grady are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Grady - 89% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Curry County had 215 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is wildfire (Relatively Moderate). See the full Curry County home insurance overview for all FEMA hazard ratings and flood coverage details.
In New Mexico, the statewide average premium for a standard HO-3 homeowners policy is $1,490 per year (NAIC, 2023 data).
Key figures
| Median year built | 1948 |
|---|---|
| Owner-occupied share | 16% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Curry County | 215 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)