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Affordable
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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 $172,487, lower than the New Mexico average of $265,486.
The average cost of rent is $668/mo in Caballo, primarily driven by the current value of real estate in the Caballo area. In Caballo, 7.58% of households rent, and 75.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caballo is $4,375 per month. Households that rent pay about 15.28% of their income on rent here. Caballo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- Mimbres, NM: higher priced homes
- Hanover, NM: equally priced 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: less expensive homes
- San Simon, AZ: less expensive homes
- Savage, MT: higher priced homes
- Hunter, NY: higher priced homes
- Ruble, MO: equally priced homes
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