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Elephant Butte, NM
Full City Profile · New Mexico · Sierra County County
3.0
/5.0
B
Good
1,586
Population
379/sq mi density
$45,179
Median Income
$36,575 per capita
$166,800
Home Value
$234,942 Zillow
$1,169
Median Rent
51.0% income on rent
63°F
Avg Temperature
330 sunny days/yr
63
Violent Crime/100K
1,445 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$45,179 median income, 1.2% unemployment
A+
Affordability
4.6 / 5.0
$166,800 home value, $1,169/mo rent
F
Safety
1.0 / 5.0
63 violent crimes/100K
C+
Education
2.5 / 5.0
19.0% bachelor's degree or higher
Housing Overview
Median Home Value
$166,800
41% below
US avg: $281,900
Median Rent
$1,169/mo
1% above
US avg: $1,163/mo
Homeownership Rate
86.0%
31% above US avg (65.4%)
Total Housing Units
1,641
Median year built: 1992
Home Value by Source
Census Median
$166,800
Zillow (ZHVI)
$234,942
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.0%
Owner-Occupied
14.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$828/mo
1 Bedroom
$927/mo
2 Bedroom
$1,129/mo
3 Bedroom
$1,496/mo
4 Bedroom
$1,758/mo
Census median rent:
$1,169/mo
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
86.0%
Complete Housing Data
Home Values
| Census Median Value | $166,800 |
| Zillow Home Value (ZHVI) | $234,942 |
Rent
| Census Median Rent | $1,169 |
| FMR Studio | $828 |
| FMR 1-Bedroom | $927 |
| FMR 2-Bedroom | $1,129 |
| FMR 3-Bedroom | $1,496 |
| FMR 4-Bedroom | $1,758 |
Market
Ownership & Stock
| Owner-Occupied | 86.0% |
| Renter-Occupied | 14.0% |
| Homeownership Rate | 86.0% |
| Total Housing Units | 1,641 |
| Median Year Built | 1992 |
| Rent Burden | 51.0% |