Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Caballo area can be challenging. Home prices in Caballo are now at a median cost of $171,430, lower than the New Mexico average of $199,923.
The average cost of rent is $568/mo in Caballo, primarily driven by the current value of real estate in the Caballo area. While nearly 68.54% of residents own their homes outright in Caballo, 15.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Caballo is $3,257 per month. Households that rent pay about 17.44% of their income on rent here. Caballo's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Williamsburg, NM: less expensive homes
- Arrey, NM: higher priced homes
- Hillsboro, NM: higher priced homes
- Kingston, NM: higher priced homes
- San Lorenzo, NM: less expensive homes
- Mimbres, NM: equally priced homes
- Hanover, NM: less expensive homes
- Pinos Altos, NM: higher priced homes
- Mangas Springs, NM: higher priced homes
- Gila, NM: higher priced homes
Cities with Similar Populations
- Scarlet, WV: less expensive homes
- Rudd, IA: less expensive homes
- Igo, CA: higher priced homes
- Ida, LA: less expensive homes
- Hyde Park, PA: less expensive homes
- Hutton, IL: equally priced homes
- San Simon, AZ: less expensive homes
- Savage, MT: higher priced homes
- Hunter, NY: higher priced homes
- Ruble, MO: less expensive homes
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