Home prices
The median home in Elephant Butte costs $135,400. In comparison to other places in this area this is approximately $47,780 (54%) higher.In comparison to the rest of the nation it is roughly $82,100 (37%) lower, and is roughly $19,800 (12%) lower in comparison to the city of Las Cruces.
Rents
In Elephant Butte the median rent is $928 a month. This is approximately $319 (52%) higher compared to the surrounding areas.It is approximately $134 (12%) lower compared to the country as a whole, and it is roughly $140 (17%) higher compared to the city of Las Cruces.
Nearby places
Truth or Consequences
Truth or Consequences is Elephant Butte's neighbor to the west. Real estate prices there are a lot less expensive. The cost of the median home in Truth or Consequences is $85,300, which is $50,100 (58%) lower than Elephant Butte. Rents there are a lot less expensive. In Truth or Consequences the median rent is $493 a month, which comes out to $435 (88%) lower than Elephant Butte.
Williamsburg
Williamsburg is approximately 5 miles southwest from Elephant Butte. The housing prices there are substantially less expensive. The median home in Williamsburg is valued at $70,900, which works out to $64,500 (90%) lower than Elephant Butte. The rent there is a little less expensive. In Williamsburg the median rent is $795 a month, which works out to $133 (16%) lower than Elephant Butte.
Hatch
Hatch is about 38 miles south from Elephant Butte. Its real estate prices are significantly less expensive. The median home in Hatch is valued at $83,100, which works out to $52,300 (62%) lower than Elephant Butte. Rents there are a lot less expensive. Hatch's median rent is $494 a month, which works out to $434 (87%) lower than Elephant Butte.
Radium Springs
Radium Springs is roughly 54 miles south of Elephant Butte. Housing prices there are somewhat less expensive. The median home in Radium Springs costs $109,700, which is $25,700 (23%) lower than Elephant Butte. Its rents are a lot less expensive. In Radium Springs the median rent is $629 a month, which comes out to $299 (47%) lower than Elephant Butte.
Bayard
Bayard is about 56 miles southwest of Elephant Butte. Its real estate prices are substantially less expensive. The median home in Bayard is valued at $89,100, which is $46,300 (51%) lower than Elephant Butte. Rent there is a lot less expensive. The median monthly rent in Bayard is $636, which comes out to $292 (45%) lower than Elephant Butte.
