87935
Elephant Butte, New Mexico.
Elephant Butte, Sierra County, NM · population 2,094
to buy the typical home at today's mortgage rate — +$743 (+145%) since Jan 2020.
- 1 year
- Up $3,253 +1%
- $236,159$239,413 since Sep 2025
- 5 years
- Up $59,948 +33%
- $179,465$239,413 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 87935$1,257
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 87935 rose 1.4% over the past year — in step with the nation.
Zillow also publishes an index for the city itself: Elephant Butte, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 87935
Mid-tier homes, smoothed and seasonally adjusted.
- 87935$239,413
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 13.3 | 87901 | Truth Or Consequences | 6,378 | — | $162,580 |
| 16.0 | 87942 | Williamsburg | 1,005 | — | $174,318 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.