Chaparral, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chaparral, NM Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chaparral Housing Market Information

With a population of 14,878, 3,877 total housing units (homes and apartments), and a median house value of $73,943, 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 66.71% of the town's housing units. Other types of housing that are prevalent in Chaparral include single-family detached homes ( 33.03%).

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 79.79% of Chaparral's homes, and 63.11% 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 ( 13.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.01%).

Vacant housing appears to be an issue in Chaparral. Fully 15.42% 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 -1.63%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Chaparral's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Chaparral's appreciation rate has been 0.95%, which annualizes to a rate of 3.85%.

Relative to New Mexico, our data show that Chaparral's latest annual appreciation rate is lower than 70% of the other cities and towns in New Mexico.

Average Home Values

 

Median Home Value:
$73,943

Chaparral, NM HOME PRICES

Value Range
> $997,000 0.6
$748,001 - $997,000 0.5
$498,001 - $748,000 0.0
$399,001 - $498,000 0.0
$299,001 - $399,000 0.9
$199,001 - $299,000 6.2
$100,001 - $199,000 24.2
$50,001 - $100,000 35.1
$0 - $50,000 32.5

Very Low for NM
Very Low for Nation

Value Relative to Nation Value Relative to State
93.642329778507 90.5172413793103

Number Of Homes And Apartments:
3,877

Chaparral Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
10.99% 0.61% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Homeownership
Owners 79.79
Renters 20.21
Vacant 15.42

Housing Market Details

 

Age of Homes

AGE OF Chaparral HOMES
2000 or Newer 13.8
1970 - 1999 75.6
1940 - 1969 10.0
1939 or Older 0.6

Types of Homes

TYPE OF Chaparral HOMES
Single-Family 33.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 66.7
Other 0.3

Home Size

SIZE OF Chaparral HOMES
No Bedroom 2.23
1 Bedroom 2.84
2 Bedrooms 28.18
3 Bedrooms 52.23
4 Bedrooms 10.89
5 or more bedrooms 3.64

Popular Neighborhoods in Chaparral

Popular Communities Near Chaparral, NM

Zip Codes in Chaparral, NM