Caballo, NM Foreclosures
How much do homes sell for in Caballo, NM?
The average home price is currently $161,769.
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 $410,081.
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
Nestled in rural New Mexico, Caballo offers a serene lifestyle marked by stunning landscapes and a close-knit community. It's an ideal location for outdoor enthusiasts, featuring abundant recreational options at Elephant Butte Lake. Experience the charm of small-town living with easy access to larger towns for shopping and leisure.
Current Market Conditions in Caballo, NM
The real estate market in Caballo is relatively stable, with a mix of traditional homes and newer constructions drawing interest from buyers seeking rural living. Many homes are positioned at reasonable price points, appealing to a diverse group of residents from first-time homebuyers to retirees.
In recent months, there has been an uptick in interest in the area primarily due to its scenic appeal and outdoor recreational offerings, leading to modest price increases in some segments of the housing market.
Home Value Estimator For Caballo, NM
There are currently 97 real estate properties
in Caballo, NM,
with a median automated valuation model (AVM) price
of $144,844.00. 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 $161,769.00, with the most expensive house
in Caballo, NM, topping out
at $410,081.00 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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