North Chaves, NM—87323
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Chaves, NM
North Chaves, NM lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Chaves, NM
North Chaves, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Chaves, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in North Chaves, NM is 94. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | -4.0% |
Listing Count | 5 | -27.0% |
| Listings as % of Homes | N/A | -27.0% |
Days on Market | 94 | -35.0% |
Demographics — North Chaves, NM
As of the latest ACS Survey released in 2023, North Chaves, NM has a population of 3,700, which has decreased by -10.2% over the past 5 years. North Chaves, NM is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | -10.2% |
% Under 18 | 19.5% | -31.6% |
% Seniors | 26.3% | 77.7% |
% WFH | 8.9% | -12.7% |
% w/ College Degree | 18.3% | 251.9% |
As of the latest ACS Survey released in 2023, North Chaves, NM is a predominantly white area, with 21.0% of the population identifying as white. The white population has grown by 159.3% in the last 5 years. The second most common race or ethnicity in North Chaves, NM is hispanic, making up 6.0% of the population. Foreign-born residents account for 1.1% of the population in North Chaves, NM, and this percentage has increased by 1000.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 21.0% | 159.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.0% | -69.4% |
% Asian | 1.1% | 1,000.0% |
% Foreign Born | 1.1% | 1,000.0% |
Mortgage and Risk — North Chaves, NM
According to HUD data as of 2023, there were 3 mortgage originations in North Chaves, NM, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 67.0% above 90% LTV (very high). This implies large mortgage risk in North Chaves, NM. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 3 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — North Chaves, NM
North Chaves, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | -$770 | $2,000 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — North Chaves, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $45,200 |