14

Chama, NM Homes for Sale under $200,000

Section Image
  • 2483 Colin Rd, Chama, NM 87520
    2483 Colin Rd, Chama, NM 87520
    2483 Colin Rd, Chama, NM 87520
    /38

    $200,000

    • Land
    • 2.93 Acres
    • $68,259 per Acre

    2483 Colin Rd, Chama, NM 87520

    Northern New Mexico Commercial property with Highway Frontage off of NM State Highway 84. This 2.93 acres +/- has unlimited potential for setting up an new or moving an existing business. The property does have a 495 sq foot Modular (16.6x30) studio appartment at the back of the property which is currently occupied. Apartment is on Village utilities to include gas,water sewer and electric. Would

    Lawrence Romero Mossy Oak Properties

    2483 Colin Rd, Chama, NM 87520
  • 31 Mundy Dr, Chama, NM 87520
    31 Mundy Dr, Chama, NM 87520
    31 Mundy Dr, Chama, NM 87520
    /16

    $199,000

    • 3 Beds
    • 2 Baths
    • 1,331 Sq Ft

    31 Mundy Dr, Chama, NM 87520

    Quaint home nestled among the tall Ponderosa Pines and Gambel Oak. A perfect place with plenty of room to bring the family for fun and relaxation. Enjoy sitting outside on a beautiful day listening to the wind blowing gently through the pines and watching the wildlife meander through. There are several places to go fishing along the Brazos and Chama River for those flyfishing enthusiasts. Make

    Kimberly Hise Realty One of Chama

    31 Mundy Dr, Chama, NM 87520
  • 103 Pinon Dr, Chama, NM 87520
    103 Pinon Dr, Chama, NM 87520
    103 Pinon Dr, Chama, NM 87520
    /26

    $121,000

    • 3 Beds
    • 2 Baths
    • 1,368 Sq Ft

    103 Pinon Dr, Chama, NM 87520

    Cozy three bedroom, one and three quarter bath modular home located at the north end of the Village of Chama in the sub division of the Bureau of Reclamation. In Need of some TLC. Within walking distance to the Sargent WMA where you can hike, mountain bike ,ride horses ,hunt and fish. Hunting and Fishing would require the proper licensing from NMGFD. The home sits on .23 of an acre and has all

    Lawrence Romero Mossy Oak Properties

    103 Pinon Dr, Chama, NM 87520
  • N3 Willow Way, Chama, NM 87520
    N3 Willow Way, Chama, NM 87520
    N3 Willow Way, Chama, NM 87520
    /37

    $100,000

    • Land
    • 20.04 Acres
    • $4,990 per Acre

    N3 Willow Way, Chama, NM 87520

    Beautiful 20 acre parcel in the Willow Way S/D. Great Mountain property tucked inside a canyon. Learn to share your space with the wildlife that roam the area. With a wet winter and spring this acreage grows nice mountain grass for grazing so bring your horses! The property is fenced on two sides. Peaceful and the most amazing sunrises and sunsets!

    Kimberly Hise Realty One of Chama

    N3 Willow Way, Chama, NM 87520
  • Owls 2A Blue Spruce Trail, Chama, NM 87520
    Owls 2A Blue Spruce Trail, Chama, NM 87520
    Owls 2A Blue Spruce Trail, Chama, NM 87520
    /5

    $188,550

    • Land
    • 12.57 Acres
    • $15,000 per Acre

    Owls 2A Blue Spruce Trail, Chama, NM 87520

    Privacy, seclusion, views and beautiful night skies all in one location. The Landings is located about a 20 min drive from Chama NM and is a true mountain paradise that was well thought out and planned as an exclusive location with great interior roads, power to the property lines and thoughfully placed drilled and cased wells for water access. Views expand into Colorado, up the Canones Creek

    Melissa Clark United Country N New Mexico RE

    Owls 2A Blue Spruce Trail, Chama, NM 87520
  • 488 W 7th St, Chama, NM 87520
    488 W 7th St, Chama, NM 87520
    488 W 7th St, Chama, NM 87520
    /24

    $200,000

    • 3 Beds
    • 1 Bath
    • 1,869 Sq Ft

    488 W 7th St, Chama, NM 87520

    Charming Northern NM Home in the Village of ChamaThis 3-bedroom, 1.75-bath home offers solid potential with some updates already completed. While it could use a bit of TLC, it sits on a village lot with city sewer,natural gas a private well—a rare combination that adds to its appeal.The property includes a detached garage, perfect for storage or a workshop. Whether you're looking for a

    Lawrence Romero Mossy Oak Properties

    488 W 7th St, Chama, NM 87520
  • 555 Terrace Ave, Chama, NM 87520
    555 Terrace Ave, Chama, NM 87520
    555 Terrace Ave, Chama, NM 87520
    /36

    $108,000

    • Land
    • 0.17 Acre
    • $635,294 per Acre

    555 Terrace Ave, Chama, NM 87520

    Prime .16-acre commercial lot in downtown Chama, NM, directly across from the historic Cumbres & Toltec Scenic Railroad station. This heritage railroad, established in 1880, offers 64-mile steam train excursions through the Rocky Mountains, attracting numerous tourists annually. Chama, nestled at 7,860 feet elevation, is a gateway to outdoor adventures like fishing, hiking, and hunting. The

    Michael Lizzi Realty One of New Mexico

    555 Terrace Ave, Chama, NM 87520
  • 0 Willow Unit 20257136, Chama, NM 87520
    0 Willow Unit 20257136, Chama, NM 87520
    0 Willow Unit 20257136, Chama, NM 87520
    /36

    $100,000

    • Land
    • 20.04 Acres
    • $4,990 per Acre

    0 Willow Unit 20257136, Chama, NM 87520

    Beautiful 20 acre parcel in the Willow Way S/D. Great Mountain property tucked inside a canyon. Learn to share your space with the wildlife that roam the area. With a wet winter and spring this acreage grows nice mountain grass for grazing so bring your horses! The property is fenced on two sides. Peaceful and the most amazing sunrises and sunsets!

    Kimberly Hise Realty One Of Chama

    0 Willow Unit 20257136, Chama, NM 87520
  • 722 New Mexico 512, Chama, NM 87520
    722 New Mexico 512, Chama, NM 87520
    722 New Mexico 512, Chama, NM 87520
    /17

    $194,500

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft

    722 New Mexico 512, Chama, NM 87520

    Cozy Brazos Canyon Cabin with Stunning ViewsThis 2-bedroom, 1-bath cabin in the heart of Brazos Canyon is full of charm and history — estimated to have been originally built in the 1920s, it’s the perfect mountain escape. You’ll love the amazing views of the Brazos Cliffs from the large covered front porch, or you can unwind on the screened-in side porch and listen to the sounds of

    Chris Dennison United Country N New Mexico RE

    722 New Mexico 512, Chama, NM 87520
  • 722 State Road 512, Chama, NM 87520
    722 State Road 512, Chama, NM 87520
    722 State Road 512, Chama, NM 87520
    /18

    $194,500

    • 2 Beds
    • 1 Bath
    • 888 Sq Ft

    722 State Road 512, Chama, NM 87520

    Cozy Brazos Canyon Cabin with Stunning Views This 2-bedroom, 1-bath cabin in the heart of Brazos Canyon is full of charm and history — estimated to have been originally built in the 1920s, it’s the perfect mountain escape. You’ll love the amazing views of the Brazos Cliffs from the large covered front porch, or you can unwind on the screened-in side porch and listen to the sounds of nature.

    Chris Dennison United Country - Northern New Mexico Real Estate

    722 State Road 512, Chama, NM 87520
  • 21 1754 Dr, Chama, NM 87520
    21 1754 Dr, Chama, NM 87520
    21 1754 Dr, Chama, NM 87520
    /30

    $160,000

    • 2 Beds
    • 1 Bath
    • 1,016 Sq Ft

    21 1754 Dr, Chama, NM 87520

    Charming 2-bedroom, 1-bath home situated on 1.99 acres of natural beauty. Enjoy peaceful views from the front deck and watch local wildlife in the surrounding area. The property includes a 216 sq ft detached studio—ideal for a hobby room, guest space, or home office.Conveniently located near El Vado and Heron Lake State Parks, with the Chama and Brazos Rivers also close by, offering excellent

    Lawrence Romero Mossy Oak Properties

    21 1754 Dr, Chama, NM 87520
  • 460 Pinon Dr, Chama, NM 87520
    460 Pinon Dr, Chama, NM 87520
    460 Pinon Dr, Chama, NM 87520
    /13

    $125,000

    • 2 Beds
    • 2 Baths
    • 715 Sq Ft

    460 Pinon Dr, Chama, NM 87520

    In town home and close to shopping, hiking and the Cumbres & Toltec Scenic Railroad. On village utilities, this two bedroom and Two bath manufactured home has been well cared for. Enjoy the outdoors from the extra large deck. Get away from the hustle and bustle of city life and enjoy Northern NM mountains.

    Matthew Gallegos Realty One of Chama

    460 Pinon Dr, Chama, NM 87520
  • 31 Mundy Lane Dr, Chama, NM 87520
    31 Mundy Lane Dr, Chama, NM 87520
    31 Mundy Lane Dr, Chama, NM 87520
    /13

    $199,000

    • 3 Beds
    • 1.5 Baths
    • 1,331 Sq Ft

    31 Mundy Lane Dr, Chama, NM 87520

    Quaint home nestled among the tall Ponderosa Pines and Gambel Oak. A perfect place with plenty of room to bring the family for fun and relaxation. Enjoy sitting outside on a beautiful day listening to the wind blowing gently through the pines and watching the wildlife meander through. There are several places to go fishing along the Brazos and Chama River for those flyfishing enthusiasts. Make

    Kimberly Hise Realty One Of Chama

    31 Mundy Lane Dr, Chama, NM 87520
  • 3 Canyons End Rd, Chama, NM 87520
    3 Canyons End Rd, Chama, NM 87520
    3 Canyons End Rd, Chama, NM 87520
    /61

    $105,000

    • Land
    • 5 Acres
    • $21,000 per Acre

    3 Canyons End Rd, Chama, NM 87520

    Beautiful 5-Acre Mountain Property in Northern New Mexico — Ticonderoga Subdivision Claim your own slice of paradise in the sought-after Ticonderoga Subdivision, nestled in the mountains of Northern New Mexico. This stunning 5-acre parcel offers the perfect setting to build your dream home, surrounded by majestic Aspen and Pine trees with sweeping views of the Chama Valley. The premier lot

    Lawrence Romero Mossy Oak Properties Centerfire Realty LLC

    3 Canyons End Rd, Chama, NM 87520
New Mexico Rio Arriba County Chama

Real Estate & Homes in Chama, NM under $200,000

Home Trends in Chama, NM

On average, homes in Chama, NM sell after 312 days on the market compared to the national average of 53 days. The median sale price for homes in Chama, NM over the last 12 months is $109,000, up 4% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$109,000
Median Single Family Sale Price
$270,725
Average Price Per Sq Ft
$339
Number of Homes for Sale
13
Last 12 months Home Sales
13
Months of Supply
12.00
Median List Price
$325,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
4%
How to Buy a Home How to Finance a Home How to Sell a Home

In Chama, you'll find a diverse selection of properties with 14 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Chama, NM.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group