Elephant Butte, NM Real Estate

According to census data in the year 2000 there were 1,283 housing units in Elephant Butte.

Of those housing units, 1,162 were located in either urbanized areas or urban clusters, and 121 were located in what is classified as a rural area.

Homeownership rate in Elephant Butte is about 90.7%. Elephant Butte's vacancy rate, including seasonal lodging, is about 44.7%. Average household size is 2.03 people.

The majority of houses, apartments or condos in Elephant Butte were built after 1987.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom9.80%
Two Bedrooms38%
Three Bedrooms46.60%
Four Bedrooms3.30%
Five Bedrooms or more0.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1988
Median Value of occupied units$137,200
Median Price asked for vacant units$118,800

Rented Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1983
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.60%
Home Equity Loan1%
Simple Mortgage41%
Debt Free55.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%