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NM area data

Elephant Butte, NM

Elephant Butte, NM.

Population: 2,094 (Census ACS)

Home values & appreciation

Median home value
$242,644
1-year appreciation
+2.6%
3-year appreciation
+14.4%
5-year appreciation
+37.7%
10-year appreciation
+65.3%
All-time peak (2026-01)
$243,351
House Price Index
406.5 (+0.8% YoY)

Market activity

New listings (monthly)
5

Affordability

Cost of living index (Below Average)
92.5 (100 = US avg)
Electricity rate (state-level)
15.1¢/kWh
Natural gas rate (state-level)
$9.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
drought, inlandFlooding, lightning

Climate (30-year normals)

Annual precipitation
10.7 in

Amenities

National parks within ~60 mi
2
Nearest national park
El Camino Real de Tierra Adentro National Historic Trail (46 mi)
Nearest airport
Truth or Consequences Municipal Airport (TCS) (4 mi)
Nearest major airport
Truth or Consequences Municipal Airport (TCS) (4 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
3
Solar radiation rating
Excellent (5.8 kWh/m²/day)

Migration

Net migration
+77 tax filers

Housing stock

Median year housing built
1,995
Median annual property tax
$977
Households with broadband internet
48.9%

Employment & development

Total county employment
2,594
Average weekly wage
$735
Top industries (by employment)
Health Care, Accommodation & Food, Construction

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents