Photo: AllenS · Public domain23 homes sold in Elephant Butte in the last year, at a typical $342K
Almost every sale is a house. Below: what each kind of home sells for and a shortcut to every site where Elephant Butte homes are listed.
Every place Elephant Butte homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Elephant Butte.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Elephant Butte’s sales, at a typical — (year to May 2026)
23 homes sold in the year to September 2026.
About as many homes sell as usual, at twice the 2016 price
23 sales in the last year, against 43 in 2021 and a low of 0 in 2012. The typical sale went from $164K in 2016 to $342K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Owning the typical Elephant Butte home costs about $1,931 a month
Price: Elephant Butte’s typical sale, last 12 months. Property tax at Elephant Butte’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Elephant Butte is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $342K home, about $1,760 a year.
Taxes vs. neighborsSchools
The schools grade for Elephant Butte, from test results, graduation and how much students grow.
Schools in Elephant ButteTypical commute
The average one-way trip to work for people who live in Elephant Butte.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Elephant Butte, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Elephant Butte. People who follow the town see it, and so do people comparing Elephant Butte with their own town. No commission, no listing fee.
Questions about buying a home in Elephant Butte
What do homes sell for in Elephant Butte, NM?
23 homes sold in the year to September 2026 at a typical $342K, $169 a square foot.
Is Elephant Butte a buyer’s or seller’s market?
A buyer’s market: 18 homes were for sale in September 2026 and 2 sold, about 9 months of supply. Buyers paid 98.5% of asking on average.
How much are property taxes in Elephant Butte?
About 0.5% of a home’s value a year. On a $342K home that’s near $1,760.
Where can I see homes for sale in Elephant Butte?
Zillow, Redfin, Realtor.com and Homes.com all carry Elephant Butte’s MLS listings; the search links above open each one filtered to Elephant Butte.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).