Chaves, NM County is a great place to buy a house, as it has an attractive median value of $155,800. This is much lower than the US House Median Value of $338,100, making it an excellent option for those who are cost conscious in their home buying decisions. In addition to this cost savings, house prices in Chaves, NM County have experienced an impressive 1 year appreciation rate of 13.83%, which is much higher than the national average of 8.27%. Homeowners and prospective buyers alike can take comfort in the fact that purchasing or investing in a property here will likely prove to be a sound financial decision over the long term.
The median home cost in Chaves County is $155,800. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Chaves County is up 6.2%.
Average Age of Homes
- The median age of Chaves County real estate is 48 years old
The Rental Market in Chaves County
- Renters make up 30.5% of the Chaves County population
- 2.6% of houses and apartments in Chaves County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.