Chaves County, NM real estate

What the numbers say

Chaves County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Chaves County listed for $240,000, down 12.7% from a year earlier. That is 40% below the New Mexico median of $399,475.

Homes spent a median of 63 days on the market. That makes Chaves County the #4 fastest-selling of 12 New Mexico counties we track.

Homeowners in Chaves County pay a median of $935 a year in property taxes on a median home value of $156,400, an effective rate of about 0.60%. The New Mexico average is 0.70%, which makes Chaves County the #22 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $867 a month, and $851 for a two-bedroom. At today's prices a typical home costs about 23 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $240,000 home here comes to about $1,528 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $65,000 a year (the median household here earns $52,938).