Caballo, NM Foreclosures
How much do homes sell for in Caballo, NM?
The average home price is currently $152,000.
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 $423,040.
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, NM is a small, serene community located near the picturesque Caballo Lake. The area offers a laid-back lifestyle amidst scenic beauty, making it an ideal place for outdoor enthusiasts. Residents enjoy a close-knit community vibe and easy access to nearby amenities in Truth or Consequences.
Current Market Conditions in Caballo, NM
Caballo has a stabilizing real estate market with a mix of seasonal homes and primary residences. The demand for properties near the lake has shown an upward trend as more people seek second homes for recreation and leisure. While prices can fluctuate based on seasonality, overall, Caballo presents an attractive market for buyers looking for affordable lakeside living.
Recently, the real estate market in Caballo has gained interest from investors and families alike, influenced by urban dwellers looking for a peaceful retreat. This trend is expected to continue as more communities promote outdoor living.
Home Value Estimator For Caballo, NM
There are currently 96 real estate properties
in Caballo, NM,
with a median automated valuation model (AVM) price
of $125,042.00. 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 $152,000.00, with the most expensive house
in Caballo, NM, topping out
at $423,040.00 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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