Expensive
Affordable
Affordable
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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 $185,781, lower than the New Mexico average of $265,486.
The average cost of rent is $1,288/mo in Elephant Butte, primarily driven by the current value of real estate in the Elephant Butte area. In Elephant Butte, 21.18% of households rent, and 75.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elephant Butte is $4,176 per month. Households that rent pay about 30.84% of their income on rent here. Elephant Butte’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Truth Or Consequences, NM: less expensive homes
- Cuchillo, NM: less expensive 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: higher priced homes
- Pleasanton, NM: less expensive homes
Cities with Similar Populations
- Atkins, VA: less expensive homes
- Wilmar, AR: less expensive homes
- Willsboro, NY: higher 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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