87931
Caballo, New Mexico.
Caballo, Sierra County, NM · population 703
to buy the typical home at today's mortgage rate — +$454 (+80%) since Jan 2020.
- 1 year
- Up $10,414 +6%
- $183,551$193,965 since Sep 2025
- 5 years
- Up $1,922 +1%
- $192,043$193,965 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 87931$1,018
- United States$1,922
Typical home values in zip 87931 rose 5.7% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Caballo, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 87931
Mid-tier homes, smoothed and seasonally adjusted.
- 87931$193,965
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 12.3 | 87942 | Williamsburg | 1,005 | — | $174,318 |
| 13.1 | 87936 | Garfield | 214 | — | $180,805 |
| 15.7 | 88042 | Hillsboro | 205 | — | $240,913 |
| 17.3 | 87941 | Salem | 988 | — | $173,265 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.