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Chaparral CDP, NM

ZIP 88081 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88081

Median Home Value
$101,900
Median Rent
$593
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$655/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88081 in Chaparral CDP, NM, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $655. That sits below the local median household income ($46,102), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
66.3%+1% vs US avg
x
Vacancy Rate
19.6%+90% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
9.9%-80% vs US avg
x
Mortgage-Free
62.3%+63% vs US avg
x
$101,900
Home Value
$593
Rent
1993
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached29.2%
  • 1-unit attached4.6%
  • 2-9 units0.0%
  • 10+ units0.1%
  • Mobile home & other66.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,900
Median rent$593
Owner-occupied66.3%
Vacant19.6%
Price-to-income2.2x
Est. income to buy$28,000