Chaves County, NM home prices

Chaves County, NM: the typical home is worth $175,148 as of 2026-05, down -0.3% over the past year and n/a since 2000. Listings run about $140/sq ft…

Data as of May 2026 · by the Real Estate Price Map data team · methodology & sources

1979: $77,605 → 2026: $175,148 (2.3×) pre-2000 estimated via FHFA index

Market read

At $175,148, homes in Chaves County sit 24% below the New Mexico median ($231,172) and 25% below the US median ($233,954). That ranks #22 of 30 New Mexico counties by price.

Prices are holding steady (-0.3% in the last year) — a balanced market.

Homes here take a while to sell — a median 63 days on the market, with 14% of listings cutting their asking price.

At 3.4× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~25% cheap for local incomes and rents — a relative bargain.

Buying looks cheaper than renting — ~$865/mo to buy (P&I, 20% down) vs $1,326/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

Nearby counties

Lincoln County, NM ($350,903) · Eddy County, NM ($253,360) · De Baca County, NM ($101,831) · Lea County, NM ($202,506) · Roosevelt County, NM ($145,969) · Otero County, NM ($232,095)