Chaparral, NM—88081
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chaparral, NM
As of Oct '25, the median home price in Chaparral, NM is $210,000, with a year-over-year change of -0.0%. This indicates that home prices in Chaparral, NM are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | -0.0% |
| Single Family | $210,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | 1.2% |
3 Bed | $229,000 | 1.8% |
4 Bed | $287,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Chaparral, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Chaparral, NM is 112. This is a increase of 23.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -3.0% |
Listing Count | 23 | -20.0% |
| Listings as % of Homes | 0.3% | -20.0% |
Days on Market | 112 | 23.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Chaparral, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $210,000 |
| Median Household Income | $46,100 |