Chama, NM—87520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chama, NM
As of Oct '25, the median home price in Chama, NM is $311,000, with a year-over-year change of 4.3%. This indicates that home prices in Chama, NM are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 4.3% |
| Single Family | $311,000 | 4.4% |
| 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 — Chama, NM
Chama, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chama, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Chama, NM is 127. This is a increase of 58.0% from last year, suggesting that homes are sitting on the market longer 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 | $471,000 | -2.0% |
Listing Count | 31 | 3.0% |
| Listings as % of Homes | 1.2% | 3.0% |
Days on Market | 127 | 58.0% |
Demographics — Chama, NM
As of the latest ACS Survey released in 2023, Chama, NM has a population of 1,090, which has decreased by -12.0% over the past 5 years. Chama, NM is a less popular place for families, as children make up 3.8% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,090 | -12.0% |
% Under 18 | 3.8% | -78.8% |
% Seniors | 51.3% | 125.0% |
% WFH | 6.3% | N/A |
% w/ College Degree | 28.8% | -12.2% |
As of the latest ACS Survey released in 2023, Chama, NM is a predominantly hispanic area, with 52.4% of the population identifying as hispanic. The hispanic population has shrunk by 24.9% in the last 5 years. The second most common race or ethnicity in Chama, NM is white, making up 39.4% of the population. Foreign-born residents account for 0.0% of the population in Chama, NM, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.4% | 62.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 52.4% | -24.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Chama, NM
According to HUD data as of 2023, there were 48 mortgage originations in Chama, NM, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Chama, NM. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chama, NM
Chama, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 0 |
% 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 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Chama, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $311,000 |
| Median Household Income | $59,600 |