Chaparral, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chaparral, NM Real Estate Data


Chaparral Housing Market Information

With a population of 14,878, 3,825 total housing units (homes and apartments), and a median house value of $73,703, house prices in Chaparral are some of the most affordable in New Mexico as well as the nation.

Mobile homes or trailers are the single most common housing type in Chaparral, accounting for 67.36% of the town's housing units. Other types of housing that are prevalent in Chaparral include single-family detached homes ( 31.31%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Chaparral. Owner-occupied housing accounts for 79.16% of Chaparral's homes, and 67.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chaparral built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chaparral built between 2000 and later ( 15.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.98%).

Vacant housing appears to be an issue in Chaparral. Fully 17.53% of the housing stock is classified as vacant. Left unchecked, vacant Chaparral homes and apartments can be a drag on the real estate market, holding Chaparral real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Chaparral Home Appreciation Rates

Chaparral's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chaparral during the period has been just -1.99%, which is lower than 80% of US communities.

Over the last year, Chaparral appreciation rates have trailed the rest of the nation. In the last twelve months, Chaparral's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chaparral were at 1.61%, which equates to an annual appreciation rate of 6.60%.

Relative to New Mexico, our data show that Chaparral's latest annual appreciation rate is lower than 80% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$73,703

Chaparral, NM HOME PRICES

Value Range
> $959,000 0.5
$718,001 - $959,000 0.4
$479,001 - $718,000 0.0
$383,001 - $479,000 0.0
$287,001 - $383,000 1.2
$192,001 - $287,000 6.6
$96,001 - $192,000 23.6
$48,001 - $96,000 32.0
$0 - $48,000 35.8

Very Low for NM
Very Low for Nation

Value Relative to Nation Value Relative to State
94.2378637934063 86.2068965517241

Number Of Homes And Apartments:
3,825

Rent & Ownership

 

Average Market Rent:
$571 / per month

Homeownership Rate

Homeownership
Owners 79.16
Renters 20.84
Vacant 17.53

Housing Market Details

 

Age of Homes

AGE OF Chaparral HOMES
2000 or Newer 15.2
1970 - 1999 76.5
1940 - 1969 8.0
1939 or Older 0.3

Types of Homes

TYPE OF Chaparral HOMES
Single-Family 31.3
Townhomes 0.2
Small Apt. Buildings 0.9
Apt. Complexes 0.0
Mobile Homes 67.4
Other 0.3

Home Size

SIZE OF Chaparral HOMES
No Bedroom 1.72
1 Bedroom 1.27
2 Bedrooms 26.54
3 Bedrooms 55.43
4 Bedrooms 12.27
5 or more bedrooms 2.76

Chaparral Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
11.55% 0.64% 1 1
* 10 is highest

Popular Neighborhoods in Chaparral

Popular Communities Near Chaparral, NM

Zip Codes in Chaparral, NM