North Chaves, NM 87323 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Chaves, NM—87323

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$145,000

N/A

Household Income

$45,200

123.0% YoY Growth

Days on Market

114

50.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$2,000

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,000

N/A

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

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

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% of Rental Stock

Studio

11.3%

2 Bedrooms

40.8%

3 Bedrooms

45.1%

4 Bedrooms

2.8%

Property Listings — North Chaves, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in North Chaves, NM is 82. This is a decrease of -41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$145,000	13.0%
Listing Count	6	25.0%
Listings as % of Homes	N/A	25.0%
Days on Market	114	-50.0%

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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%

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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%

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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%

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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

North Chaves, NM—87323

Key Metrics at a Glance

Home Price Trends — North Chaves, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Chaves, NM

% of Rental Stock

Property Listings — North Chaves, NM

Demographics — North Chaves, NM

Race and Ethnicity

Mortgage and Risk — North Chaves, NM

Mortgages

Rentals and Section 8 — North Chaves, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — North Chaves, NM

Home Price to Income Ratio

North Chaves, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Gonzales, NM

Prewitt, NM

Basgal Place

Standing Rock

Pinedale

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$45,200

North Chaves, NM—87323

Key Metrics at a Glance

Home Price Trends — North Chaves, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Chaves, NM

% of Rental Stock

Property Listings — North Chaves, NM

Demographics — North Chaves, NM

Race and Ethnicity

Mortgage and Risk — North Chaves, NM

Mortgages

Rentals and Section 8 — North Chaves, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — North Chaves, NM

Home Price to Income Ratio

North Chaves, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Gonzales, NM

Prewitt, NM

Basgal Place

Standing Rock

Pinedale

Frequently Asked Questions

What is the average home price in North Chaves, NM 87323?

How have home prices in North Chaves, NM 87323 changed over the past year?

What is the home price projection for North Chaves, NM 87323?

What are the demographics of North Chaves, NM 87323?

How long does it take homes to sell in North Chaves, NM 87323?

What is the average rent price in North Chaves, NM 87323?