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Affordable
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These days, finding an affordable place to live in the Chapelle area can be challenging. Home prices in Chapelle are now at a median cost of $247,200, lower than the New Mexico average of $265,486.
The average cost of rent is $822/mo in Chapelle, primarily driven by the current value of real estate in the Chapelle area. In Chapelle, 19.00% of households rent, and 74.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chapelle is $6,539 per month. Households that rent pay about 12.57% of their income on rent here. Chapelle’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Serafina, NM: less expensive homes
- Tecolote, NM: equally priced homes
- Los Montoyas, NM: equally priced homes
- Sena, NM: less expensive homes
- El Ancon, NM: less expensive homes
- Ribera, NM: less expensive homes
- Villanueva, NM: less expensive homes
- Pueblo, NM: less expensive homes
- Tecolotito, NM: equally priced homes
- San Jose, NM: less expensive homes
Cities with Similar Populations
- Oyer, MO: less expensive homes
- Nekoma, ND: less expensive homes
- Onemo, VA: higher priced homes
- Opal, AR: less expensive homes
- Opheim, MT: less expensive homes
- Oreville, OH: less expensive homes
- Ormonde, IL: less expensive homes
- Osborns Store, VA: less expensive homes
- Oscar, KY: less expensive homes
- Osgood, IA: less expensive homes
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