Chaves County, New Mexico home prices
Typical home $171,293 · +0.4% in a year · property tax 0.6%
The typical home in Chaves County is worth $171,293, 46% less than the New Mexico typical home ($315,812). Values changed +0.4% in the past year and -4.2% over five years. Homeowners here pay a median 0.6% of their home's value in property tax each year ($1,024 on the typical home), versus 0.63% statewide.
Mortgage on the typical Chaves County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,259 | $137,034 | $922 | $0 | $171 | $1,093 | $46,800 |
| 10% down | $17,129 | $154,164 | $1,037 | $64 | $171 | $1,272 | $54,500 |
| 5% down | $8,565 | $162,728 | $1,095 | $68 | $171 | $1,333 | $57,100 |
| 3.5% down (FHA) | $5,995 | $168,190 | $1,131 | $76 | $171 | $1,378 | $59,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New Mexico · part of the Roswell metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Luna County | $163,798 | +4.3% | 0.54% |
| Grant County | $178,942 | -4.8% | 0.46% |
| Sierra County | $180,323 | +4.2% | 0.52% |
| Curry County | $159,828 | +2.4% | 0.59% |
| Cibola County | $159,086 | +8.5% | 0.8% |
| Lea County | $196,513 | +3.0% | 0.48% |
| Socorro County | $197,130 | +3.3% | 0.61% |
| Roosevelt County | $144,463 | +1.5% | 0.45% |
| Catron County | $212,317 | +8.5% | 0.36% |
| McKinley County | $216,464 | -2.1% | 2% |
Frequently asked questions
What is the average home price in Chaves County, NM?
The typical home value in Chaves County is $171,293 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Chaves County?
About $46,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Chaves County?
The median effective rate is 0.6% of home value a year (Census ACS 2024 5-year estimates).