Elephant Butte, Sierra County, NM

Median Home Price Price

$223,651 $223.7K

Median Monthly Rent Rent

$1,344 $1.3K

14.0x

Market Snapshot

Elephant Butte, Sierra County, NM is a city market with a median home price of $223,651, a median monthly rent of $1,344, a GRM of 14.0x, and a price-to-rent ratio of 13.9.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

Within Sierra

No same-county alternatives are available for this market yet.

More markets to explore

01 Stanfield, Umatilla County, OR
Top recommendation Outside state Higher GRM Premium price Lower rent
High confidence
Price $274.3K
Rent $1K
GRM 22.0x
Explore the data

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Stanfield, Umatilla County, OR
$274K $1.0K 22.0x
Prompton, Wayne County, PA
$277K $1.3K 17.0x
Petal, Forrest County, MS
$215K $1.2K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

Elephant Butte

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Benchmark comparison

Rent in Elephant Butte, NM is 30.6% higher than Stanfield, OR.

Compare to Stanfield, OR
Elephant Butte, NM
Stanfield, OR
Delta
Median rent
$1,344
$1,029
-$315
Median price
$223,651
$274,290
+$50,639
YoY change
+$112
+$65
-$47
Price-to-rent
13.9x
22.2x
+8.3x

Key takeaways

  • Elephant Butte, Sierra County, NM has a lower-grm screening profile: At 14.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $112 year over year.
  • Rent in Elephant Butte, NM is 30.6% higher than Stanfield, OR.