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These days, finding an affordable place to live in the Chama area can be challenging. Home prices in Chama are now at a median cost of $247,048, lower than the New Mexico average of $265,486.
The average cost of rent is $556/mo in Chama, primarily driven by the current value of real estate in the Chama area. In Chama, 14.94% of households rent, and 45.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chama is $3,610 per month. Households that rent pay about 15.39% of their income on rent here. Chama’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Los Ojos, NM: less expensive homes
- Ensenada, NM: less expensive homes
- Tierra Amarilla, NM: less expensive homes
- Rutheron, NM: less expensive homes
- Monero, NM: less expensive homes
- Dulce, NM: less expensive homes
- Young Place, NM: less expensive homes
- Ignacio, NM: less expensive homes
- Cerro, NM: higher priced homes
- Questa, NM: equally priced homes
Cities with Similar Populations
- Thompson, MO: less expensive homes
- Waterford, MS: less expensive homes
- Mill Run, PA: less expensive homes
- Carlsbad North, NM: higher priced homes
- Mount Hope, KS: less expensive homes
- Musella, GA: less expensive homes
- Chula, VA: higher priced homes
- Narrowsburg, NY: higher priced homes
- New Enterprise, PA: less expensive homes
- Wright, MI: higher priced homes
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