Caballo, NM Foreclosures
How much do homes sell for in Caballo, NM?
The average home price is currently $152,431.
In Caballo, NM, how many homes are available?
There are currently 4 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 $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, New Mexico, is a serene community renowned for its stunning natural beauty and outdoor recreational opportunities. Nestled near Caballo Lake, it offers residents a peaceful lifestyle complemented by friendly neighbors and local charm. Experience the tranquility of rural living while still having access to larger nearby towns.
Current Market Conditions in Caballo, NM
The Caballo real estate market is relatively stable, characterized by a mix of traditional homes and newer developments catering to outdoor enthusiasts. The current average home prices are favorable for buyers looking for affordable housing options in scenic locations. As demand for rural properties increases, particularly post-pandemic, the market is gradually becoming more competitive with rising prices.
Investors and home buyers are taking an interest in Caballo due to its unique positioning near recreational areas like Caballo Lake, and properties here are seeing steady appreciation in value. The market remains accessible, with a variety of listings that range from affordable starter homes to more expansive properties.
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 $129,865.00. 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 $152,431.00, 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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