Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chaparral area can be challenging. Home prices in Chaparral are now at a median cost of $88,921, lower than the New Mexico average of $199,923.
The average cost of rent is $756/mo in Chaparral, primarily driven by the current value of real estate in the Chaparral area. While nearly 62.51% of residents own their homes outright in Chaparral, 32.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chaparral is $3,391 per month. Households that rent pay about 22.30% of their income on rent here. Chaparral's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
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- Chamberino, NM: higher priced homes
- Mesquite, NM: higher priced homes
Cities with Similar Populations
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- Dewitt, MI: higher priced homes
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