Chaparral, NM 88081 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Chaparral, NM—88081

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$221,000

2.7% YoY Growth

Household Income

$46,100

80.4% YoY Growth

Days on Market

37.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$675

N/A

1-Bed Rent

$620

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,000

N/A

Home Price Trends — Chaparral, NM

As of May '26, the median home price in Chaparral, NM is $221,000, with a year-over-year change of -2.7%. This indicates that home prices in Chaparral, NM are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$221,000	-2.7%
Single Family	$221,000	-2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Chaparral, NM

Chaparral, NM lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$675	$765
Studio Rent	N/A	N/A
1 Bed Rent	$620	$648
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,000	$1,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

2.6%

2 Bedrooms

32.4%

3 Bedrooms

49.3%

4 Bedrooms

11.2%

5+ Bedrooms

4.6%

Property Listings — Chaparral, NM

As of May '26, Realtor.com reports that the median days on market for a home in Chaparral, NM is 63. This is a decrease of -37.0% 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	$280,000	-4.0%
Listing Count	27	-9.0%
Listings as % of Homes	0.3%	-9.0%
Days on Market	63	-37.0%

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Demographics — Chaparral, NM

As of the latest ACS Survey released in 2023, Chaparral, NM has a population of 18,300, which has increased by 8.0% over the past 5 years. Chaparral, NM is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 9.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,300	8.0%
% Under 18	27.8%	-2.5%
% Seniors	11.2%	40.0%
% WFH	5.3%	194.4%
% w/ College Degree	9.1%	4.6%

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As of the latest ACS Survey released in 2023, Chaparral, NM is a predominantly hispanic area, with 88.5% of the population identifying as hispanic. The hispanic population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Chaparral, NM is white, making up 7.4% of the population. Foreign-born residents account for 32.8% of the population in Chaparral, NM, and this percentage has decreased by 6.0% 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	7.4%	-46.0%
% Black	1.2%	50.0%
% Hispanic	88.5%	4.5%
% Asian	0.6%	200.0%
% Foreign Born	32.8%	-6.0%

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Mortgage and Risk — Chaparral, NM

According to HUD data as of 2023, there were 126 mortgage originations in Chaparral, NM, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Chaparral, NM. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	126
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	2.0%
% Second Loans	8.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Chaparral, NM

Chaparral, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	16
Total Units Section 8	16
% Rentals under Section 8	0.8%
% Occupied Section 8	69.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$620	$800
2 Bedroom	N/A	N/A	$930
3 Bedroom	$300	$1,000	$1,300
4 Bedroom	N/A	N/A	$1,510

Chaparral, NM—88081

Key Metrics at a Glance

Home Price Trends — Chaparral, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chaparral, NM

% of Rental Stock

Property Listings — Chaparral, NM

Demographics — Chaparral, NM

Race and Ethnicity

Mortgage and Risk — Chaparral, NM

Mortgages

Rentals and Section 8 — Chaparral, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Chaparral, NM

Home Price to Income Ratio

Chaparral, NM — ZIP Code Boundary Map

Nearby ZIP Codes

White Sands, NM

Las Cruces, NM

Horizon North, El Paso, TX

Vado, NM

Horizon City, El Paso, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$221,000
Median Household Income	$46,100

Chaparral, NM—88081

Key Metrics at a Glance

Home Price Trends — Chaparral, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chaparral, NM

% of Rental Stock

Property Listings — Chaparral, NM

Demographics — Chaparral, NM

Race and Ethnicity

Mortgage and Risk — Chaparral, NM

Mortgages

Rentals and Section 8 — Chaparral, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Chaparral, NM

Home Price to Income Ratio

Chaparral, NM — ZIP Code Boundary Map

Nearby ZIP Codes

White Sands, NM

Las Cruces, NM

Horizon North, El Paso, TX

Vado, NM

Horizon City, El Paso, TX

Frequently Asked Questions

What is the average home price in Chaparral, NM 88081?

How have home prices in Chaparral, NM 88081 changed over the past year?

What is the home price projection for Chaparral, NM 88081?

What are the demographics of Chaparral, NM 88081?

How long does it take homes to sell in Chaparral, NM 88081?

What is the average rent price in Chaparral, NM 88081?