Market Overview
Home Prices in Chama, NM
The median home value in Chama, NM is $328,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chama are priced20% below average. Chama is part of the Espa±ola, NM metro area.
Over the past five years, Chama home values have risen by approximately16.3%, reflecting steady appreciation in this market.
Price History
Chama Home Price Trend
2020
$232,897
$233K
—
2021
$282,085
$282K
+21.1%
2022
$317,749
$318K
+12.6%
2023
$309,076
$309K
-2.7%
2024
$313,161
$313K
+1.3%
2025
$324,921
$325K
+3.8%
2026
$328,166
$328K
+1.0%
City Comparison
Chama vs. National Median
🏠 Chama
$328,166
National Median
$410,000
At $328,166, homes in Chama cost 20% below the national median of $410,000. This makes Chama a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chama?
20% Down Payment
$65,633
on $328,166
Monthly P&I
$1,712/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,174/mo
incl. taxes & insurance
Income Needed
$86,960
gross annual (30% rule)
10% Down Option
$32,817
+ PMI applies
Loan Amount (20% dn)
$262,533
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chama, NM?
The median home value in Chama is $328,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Chama?
Over the past year, home values in Chama have increased by 1%. Over five years, prices have risen approximately 16.3%.
How much do I need to earn to buy a home in Chama?
To comfortably afford the median home price of $328,166 with a 20% down payment ($65,633) at today's rates (6.8%), you'd need a gross annual income of approximately $86,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Chama compare to the national average home price?
The national median home value is approximately $410,000. At $328,166, homes in Chama are 20% below the national average.
What metro area is Chama part of?
Chama is part of the Espa±ola, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.