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Foreclosure Homes in Elephant Butte, NM

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1 Vista-del-lago-Elephant-butte-NM-87935
Foreclosure
$700,000 List Price

Vista Del Lago
Elephant Butte, NM 87935

5 Cactus-dr-Elephant-butte-NM-87935
Preforeclosure

Cactus Dr
Elephant Butte, NM 87935

3 Bed | 2 Bath | 1,728 Sq. Ft.

Displaying 1 - 2 of 2
 

Foreclosure Homes in Elephant Butte, NM

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Elephant Butte, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Elephant Butte, NM and much more. Save thousands at closing with home foreclosure listings in Elephant Butte, NM — up to 75% off market value!


Top Reasons To Live In Elephant Butte, NM In 2021

Elephant Butte is located in Sierra, New Mexico, with an estimated municipal population of 1,310 residents. All of the best foreclosed homes for sale in Elephant Butte are located in the following zip code areas on Foreclosure.com: 87935. The estimated population per square kilometer (.62 miles) in Elephant Butte is 121.


Cost Of Living In Elephant Butte, NM

So, about how much do homes cost in Elephant Butte? The most recent median value of resident-owned homes in Elephant Butte is 141,749. An estimated 86.9 percent of households in Elephant Butte own their homes, with an average family size of 2.15. The median household income in Elephant Butte is 43,846, with16.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elephant Butte, the median commute time of resident workers (in minutes) is 15.9. And last, but certainly not least, are you looking for homes to rent in Elephant Butte? If so, the average rent price paid by renters in Elephant Butte is 928, according to recent statistics.


Diversity And Demographics In Elephant Butte, New Mexico

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Elephant Butte, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Elephant Butte is 70.3, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Elephant Butte is 53.4, with an average family size of 2.15.

The percentage of residents who report their race in Elephant Butte is as follows:

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Elephant Butte? Or maybe you are searching for 55+ active adult communities in and/or near Elephant Butte?

The percentage of residents who report their age in Elephant Butte is as follows:

Under 10 4.3%
Aged 10-19 0%
20s 5.8%
30s 1.5%
40s 2.2%
50s 16.4%
60s 18.3%
70s 33.1%
80+ 18.5%

Best Schools In Elephant Butte, New Mexico

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Elephant Butte with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elephant Butte.


Pros And Cons Of Living In Elephant Butte, New Mexico

How do you know that living in -- or moving to -- Elephant Butte is right where you need to be? Perhaps you grew up in Elephant Butte or already live nearby; therefore, the decision to buy a home in Elephant Butte is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elephant Butte for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Elephant Butte:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elephant Butte.


Reasons To Move To Elephant Butte, New Mexico, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elephant Butte can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elephant Butte, meanwhile, can field multiple offers from more qualified buyers.

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