Median price
for residential apartments
in Elephant Butte, NM
as of May, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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8 Elephant Butte, NM, USA apartments for sale
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Home For Sale In Elephant Butte, New Mexico
587 Ontario Street, Elephant Butte, Sierra County, NM 87935, USA
1
Bed
2
Bath
1,398
Sq Ft
Home For Sale In Elephant Butte, New Mexico
553 Alhambra Street, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
2
Bath
1,935
Sq Ft
Home For Sale In Elephant Butte, New Mexico
Sierra del Rio Golf Course, 101 Clubhouse Road, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
3
Bath
2,114
Sq Ft
Home For Sale In Elephant Butte, New Mexico
699 Organ Avenue, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
1
Bath
1,254
Sq Ft
Single Family Residence, Southwestern
110 Blue Jay Street, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
2
Bath
1,425
Sq Ft
Single Family Site Built, 1 Story, Pueblo/SW
150 Northern Drive, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
2
Bath
Single Family Site Built, 2 Story, Territorial
103 Brazos Street, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
3
Bath
Sold
Home For Sale In Elephant Butte, New Mexico
197 Cimarron Drive, Elephant Butte, Sierra County, NM 87935, USA
3
Bed
2
Bath
1,464
Sq Ft
Elephant Butte
According to statistics, the population in Elephant Butte, NM amounts to 1,393, which shows decline -8% compared to the previous year. The median age of the city’s residents is 68. The average household income is $35,729, shifting decline -1% from the past year, and the average property value in Elephant Butte, NM growth 7% to $131,900 throughout the year.
| Population | 1,393 |
| Median Age | 68.1 |
| Poverty Rate | 12% |
| Household Income | $35,729 |
| Number Of Employees | 351 |
| Median Property Value | $131,900 |
Household Income
The average household income in Elephant Butte, NM declined from $36,207 to $35,729 in the past year. This data is an estimate based upon 677 households in Elephant Butte, NM . The chart below presents how household income is distributed in Elephant Butte, NM in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Elephant Butte, NM shifted from $122,800 to $131,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elephant Butte, NM in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elephant Butte, NM properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elephant Butte, NM compared to median property taxes around the country. The prevalent amount of property taxes in Elephant Butte, NM equals $800, which is less than the national average.
Housing Trends
Average apartment sale in Elephant Butte:
$299,900 (+215.9%)
Apartment Size |
May | vs Last Month |
|---|---|---|
| 3-bed apartments | $299,900 | N/A |
During May 2023, the average price for an apartment in/near Elephant Butte, NM increased by 215.9% to $299,900.
The average price of the land for sale in Elephant Butte, NM has not changed significantly since last month, being $50,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at $139,900 with no changes this month. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $299,900.
Listing Type |
May | vs Last Month |
|---|---|---|
| Houses for sale | $299,900 | +114.4% |
Price reports demonstrate that house price increased by 114.4% this month making it up to $299,900.
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