Caballo, NM Foreclosures
How much do homes sell for in Caballo, NM?
The average home price is currently $166,321.
In Caballo, NM, how many homes are available?
There are currently 6 active home listings available in Caballo.
What’s the average rental cost in Caballo, NM?
The average rental price in Caballo is $906.
What is the most expensive home in Caballo?
The most expensive home sold in Caballo had a price of $630,584.
What is currently the cheapest priced home in Caballo, NM?
The cheapest home for sale in Caballo is priced at $31,207.
Living in Caballo, NM
Caballo is a quaint community located in Sierra County, New Mexico. Nestled near Elephant Butte Lake, it is known for its scenic views and peaceful atmosphere, making it ideal for outdoor enthusiasts. The area features a mix of residential homes and recreational opportunities, with access to boating, fishing, and hiking.
Current Market Conditions in Caballo, NM
Caballo's real estate market has seen a steady increase in demand over the past year, with buyers drawn to the area's affordability and scenic landscapes. Properties near Elephant Butte Lake are particularly popular among buyers seeking vacation homes and retirement options. The market's growth is attributed to an influx of people looking for second homes, leading to rising property values and competitive pricing.
The trend of remote work has also influenced the real estate sector in Caballo, as more individuals seek to escape urban congestion for the peaceful setting this area provides. As the market continues to gain traction, prospects for investment in Caballo look promising, appealing to both investors and families alike.
Home Value Estimator For Caballo, NM
There are currently 258 real estate properties
in Caballo, NM,
with a median automated valuation model (AVM) price
of $150,108.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Caballo, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Caballo, NM,
is $166,321.00, with the most expensive house
in Caballo, NM, topping out
at $630,584.00 and the cheapest home
in Caballo, NM,
clocking in at $31,207.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Caballo, NM!
Rent Prices
In Caballo, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Caballo, NM, is on
a rollercoaster ride. The
average rent price in Caballo, NM,
is $906.00. Indeed, when looking to rent in
Caballo, NM, you can expect to pay as little
as $810.00 or as much
as $990.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Caballo, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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