Elephant Butte NM Multi Family for Sale

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Elephant Butte Real Estate

The median home value in Elephant Butte, NM is $255,000. This is higher than the county median home value of $140,200. The national median home value is $338,100. The average price of homes sold in Elephant Butte, NM is $255,000. Approximately 51.24% of Elephant Butte homes are owned, compared to 4.84% rented, while 43.92% are vacant. Elephant Butte real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elephant Butte real estate agent to arrange a tour today!

Elephant Butte, New Mexico has a population of 1,580. Elephant Butte is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 13.33%.

The median household income in Elephant Butte, New Mexico is $49,746. The median household income for the surrounding county is $35,939 compared to the national median of $69,021. The median age of people living in Elephant Butte is 68.6 years.

Elephant Butte Weather

The average high temperature in July is 94.5 degrees, with an average low temperature in January of 28.3 degrees. The average rainfall is approximately 11 inches per year, with 3.2 inches of snow per year.

Elephant Butte Real Estate Market Conditions

  • Median sales price

    $255,000
    12.5% change since last quarter
  • # Active listings

    70
    30-day change

Elephant Butte Schools and Demographics

Education near Elephant Butte, NM

Metric City County
High School Graduates 99.02 89.53
College Degree - 2 year 11.79 9.94
College Degree - 4 year 17 19.79
Graduate Degree 3.39 6.44
Expenditures per Student 14,048 14,048
Students per Teacher 14.5 14.5

Elementary Schools near Elephant Butte, NM

School Grades Students P/T Ratio ZIP
T Or C Elementary School PK - 03 435 16.6 87901

Middle Schools near Elephant Butte, NM

School Grades Students P/T Ratio ZIP
Sierra Elementary School 04 - 05 172 17.8 87901
T Or C Middle School 06 - 08 298 15.6 87901

High Schools near Elephant Butte, NM

School Grades Students P/T Ratio ZIP
Hot Springs High School 09 - 12 361 14.6 87901

Demographics near Elephant Butte, NM

Metric City County
Neighborhood Type Small Town
Population 1,580 11,512
Population Density 378 3
Median Age 68.6 55.3
People per Household 1.8 2.1
Median Household Income 49,746 35,939
Average Income per Capita 38,285 26,735