Zip 87931 (Caballo, NM) Housing

Caballo, NM 87931 has a median housing value of $138,700 which is much lower than the US median housing value of $338,100. Despite this discrepancy, Caballo has seen a higher 1 year house appreciation than the US with 9.54%, compared to the US's 8.27%. This trend signals potential growth in the area as more and more people are investing in the local real estate market.

The median home cost in Caballo (zip 87931) is $138,700. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Caballo (zip 87931) is up 12.5%.

Average Age of Homes

- The median age of Caballo (zip 87931) real estate is 30 years old

The Rental Market in Caballo (zip 87931)

- Renters make up 2.3% of the Caballo (zip 87931) population
- 0.0% of houses and apartments in Caballo (zip 87931), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Caballo, New Mexico	United States
	546.0	139,647,020.0
	32	42
	$138,700	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$5.36	$10.98
	$1,144	$2,690
	49.8%	57.4%
	26.0%	11.2%
	24.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.5%	3.6%
	20.5%	4.1%
Value of Owner-Occupied Housing
	5.1%	2.6%
	0.0%	2.4%
	1.8%	2.8%
	4.8%	3.9%
	0.0%	4.5%
	55.9%	11.3%
	2.2%	13.0%
	14.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	16.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	30.8%	13.6%
	30.8%	13.6%
	11.5%	13.6%
	12.5%	13.2%
	12.6%	14.8%
	11.5%	13.6%
	2.2%	10.0%
	0.9%	4.7%
	9.5%	12.2%

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