Renting in Caballo: a two-bedroom costs about $1,000
Caballo is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
What stands out about housing in Caballo
Why Caballo isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing. Here none is available.
A two-bedroom rents for about $1,000
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Sierra County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Caballo and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Caballo | – | $187K | — | — | $1,000 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Caballo
How much is rent in Caballo?
HUD puts a two-bedroom at about $1,000 a month with utilities, the going rate for someone moving in.
Why doesn’t Caballo have a cost of living grade?
Caballo is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Caballo buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.