Market Overview
Home Prices in Chimayo, NM
The median home value in Chimayo, NM is $347,139 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% compared to a year ago and down 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chimayo are priced15% below average. Chimayo is part of the Espa±ola, NM metro area.
Over the past five years, Chimayo home values have risen by approximately19.5%, reflecting steady appreciation in this market.
Price History
Chimayo Home Price Trend
City Comparison
Chimayo vs. National Median
At $347,139, homes in Chimayo cost 15% below the national median of $410,000. This makes Chimayo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chimayo?
20% Down Payment
$69,428
on $347,139
Monthly P&I
$1,810/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,299/mo
incl. taxes & insurance
Income Needed
$91,960
gross annual (30% rule)
10% Down Option
$34,714
+ PMI applies
Loan Amount (20% dn)
$277,711
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 Chimayo, NM?
The median home value in Chimayo is $347,139 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Chimayo?
Over the past year, home values in Chimayo have increased by 10.8%. Over five years, prices have risen approximately 19.5%.
How much do I need to earn to buy a home in Chimayo?
To comfortably afford the median home price of $347,139 with a 20% down payment ($69,428) at today's rates (6.8%), you'd need a gross annual income of approximately $91,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Chimayo compare to the national average home price?
The national median home value is approximately $410,000. At $347,139, homes in Chimayo are 15% below the national average.
What metro area is Chimayo part of?
Chimayo is part of the Espa±ola, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.