The housing market in Elephant Butte, NM (87935) is on the rise. The median value of a house is $189,900 - lower than the national average of $338,100. In the past year alone, the appreciation rate in Elephant Butte has been 9.54%, higher than the US average of 8.27%. This indicates that housing prices in the area are growing at a faster pace than other parts of the country and could continue to increase over time. With its affordable housing prices and high rates of appreciation, Elephant Butte is a great place for potential buyers to consider when looking for a house.
The median home cost in Elephant Butte (zip 87935) is $189,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Elephant Butte (zip 87935) is up 12.5%.
Average Age of Homes
- The median age of Elephant Butte (zip 87935) real estate is 28 years old
The Rental Market in Elephant Butte (zip 87935)
- Renters make up 6.0% of the Elephant Butte (zip 87935) population
- 2.6% of houses and apartments in Elephant Butte (zip 87935), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.