The Most Affordable Neighborhoods in Los Chaves, NM by Home Value

 

Los Chaves, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Los Chaves area can be challenging. Home prices in Los Chaves are now at a median cost of $157,968, lower than the New Mexico average of $199,923.

The average cost of rent is $787/mo in Los Chaves, primarily driven by the current value of real estate in the Los Chaves area. While nearly 59.11% of residents own their homes outright in Los Chaves, 3.29% rent.

Housing affordability isn’t just about home prices, though. The average household income in Los Chaves is $5,721 per month. Households that rent pay about 13.75% of their income on rent here. Los Chaves's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.


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