HousingHandbookReference data

U.S. ZIP Code · NM88230

Chaves County

Typical home value

$153,584[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.3%
5-year / yr
-4.9%
10-year / yr

Relative price

vs U.S.
-45.9%
vs metro
vs state
-45.1%
ZIP 88230 location in NM
Location of ZIP 88230 in NM

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 88230 is worth $153,584. Over the past year, values have fallen 1.3%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$886[3]

#Climate risk

FEMA National Risk Index ratings for Chaves County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Relatively High
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
4,336[3]
Median household income
$43,469[3]

#Migration

Household moves in and out of Chaves County over a year, from IRS tax-return data.

Net migration
-242[5]
Moved in
930
Moved out
1,172

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • DEXTER ELEMENTARY

    Elementary · Grades PK–5 · DEXTER

    358 students

  • DEXTER HIGH

    High · Grades 9–12 · DEXTER

    269 students

  • DEXTER MIDDLE

    Middle · Grades 6–8 · DEXTER

    186 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$777
Loan principal$122,867
Down payment$30,717
Total interest paid$156,710

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$979
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 88230?
The typical home in 88230 is worth $153,584, based on the Zillow Home Value Index.
Are home values rising in 88230?
Home values in 88230 are down 1.3% over the past year, and down 4.9% a year over five years.
What is the property tax rate in 88230?
The effective property tax rate in 88230 is 0.6% — roughly $886 a year on a typical home.
Who lives in 88230?
ZIP code 88230 has a population of 4,336 and a median household income of $43,469.

Compare ZIPs

Pit ZIP 88230 against any other ZIP — full side-by-side table.

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