Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elephant Butte area can be challenging. Home prices in Elephant Butte are now at a median cost of $161,461, lower than the New Mexico average of $199,923.
The average cost of rent is $1,054/mo in Elephant Butte, primarily driven by the current value of real estate in the Elephant Butte area. While nearly 70.91% of residents own their homes outright in Elephant Butte, 10.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elephant Butte is $3,298 per month. Households that rent pay about 31.95% of their income on rent here. Elephant Butte's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Truth Or Consequences, NM: less expensive homes
- Cuchillo, NM: equally priced homes
- Hot Springs Landing, NM: equally priced homes
- Winston, NM: equally priced homes
- Bent, NM: less expensive homes
- Mescalero, NM: less expensive homes
- Ponderosa Heights, NM: less expensive homes
- Ruidoso, NM: higher priced homes
- Ruidoso Downs, NM: equally priced homes
- Pleasanton, NM: less expensive homes
Cities with Similar Populations
- Atkins, VA: less expensive homes
- Wilmar, AR: less expensive homes
- Willsboro, NY: equally priced homes
- Bridgewater, CT: higher priced homes
- Rheasville, NC: less expensive homes
- Lake Isabella, MI: equally priced homes
- Renville, MN: less expensive homes
- Randall, MN: higher priced homes
- Pondville, AL: less expensive homes
- Pine Prairie, LA: less expensive homes
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