88081
Chaparral, New Mexico.
Chaparral, Otero County, NM · Alamogordo, NM metro · population 19,663
to buy the typical home at today's mortgage rate — +$628 (+124%) since Jan 2020.
- 1 year
- Down $3,706 -2%
- $220,348$216,642 since Sep 2025
- 5 years
- Up $39,007 +22%
- $177,635$216,642 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 88081$1,137
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in zip 88081 fell 1.7% over the past year — slower than the nation's +1.2%.
This zip spans 2 counties: Otero County, NM 90% · Dona Ana County, NM 10%
Zillow also publishes an index for the city itself: Chaparral, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 88081
Mid-tier homes, smoothed and seasonally adjusted.
- 88081$216,642
- Alamogordo$229,954
- United States$366,157
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.