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market report · 87935
Elephant Butte, NM · 87935
15 active listings$239,000 median ask$2,507 est. rent1% price/rent
$239,000
Median list price
$2,507/mo
Estimated rent
1%
Price / rent ratio
15
Listings
FHFA home price index · 2014–2025
41.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.42
Median rent / sqft
12 comps
$165.70
Median sold / sqft
12 comps
—
Walkability
6.7%
Area unemployment
BLS LAUS
Median household income $51,033 · median home value $197,700 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 70).
top deals · highest rent-to-price
520 Trout, Elephant Butte, NM 87935
Elephant Butte, NM
$110,000$1,517/mo1.4%
200 Camino Encantado St, Elephant Butte, NM 87935
Elephant Butte, NM
$125,000$1,690/mo1.4%
135 Huron Dr, Elephant Butte, NM 87935
Elephant Butte, NM
$215,000$2,316/mo1.1%
603 Alhambra St, Elephant Butte, NM 87935
Elephant Butte, NM
$199,000$1,985/mo1%
106 Knox Dr, Elephant Butte, NM 87935
Elephant Butte, NM
$280,000$2,543/mo0.9%
506 Bass Rd, Elephant Butte, NM 87935
Elephant Butte, NM
$239,000$1,939/mo0.8%