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Chaves County Housing Market

New Mexico · 33 counties · Ranked #992 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$141,900

vs national$141,900 vs $281,900 national

Median Gross Rent

$838/mo

vs national$838 vs $1,163 national

Effective Tax Rate

0.64%

vs national0.64% vs 1.02% national

Median Household Income

$52,029

vs national$52,029 vs $74,755 national

Affordability Ratio

2.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$915

Tax as % of Home Value

0.64%

Monthly Owner Cost

$660

Renter Income

$32,402

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Frequently Asked Questions

What is the median home value in Chaves County?

The median home value in Chaves County is $141,900. This is below the national median of $281,900.

How much is rent in Chaves County?

The median gross rent in Chaves County is $838 per month.

What is the property tax rate in Chaves County?

The effective property tax rate in Chaves County is 0.64%. The median annual property tax bill is $915.

Is Chaves County affordable?

With a home-value-to-income ratio of 2.7x, Chaves County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.