87935, Elephant Butte, NM

The home equity and home prices in the 87935 zip code of Elephant Butte, NM are reflective of the overall market conditions in this area. The average home value in this zip code is $209,000, which is considerably higher than the statewide average of $164,500. This indicates that there is a high demand for homes in this area and that buyers are willing to pay a premium for properties here.

Additionally, the percentage of homes that are owner-occupied is high in this zip code at 82%. This indicates that many people who live in Elephant Butte own their homes and are not renters. This stability likely contributes to the high values seen on homes here.

Overall, it appears that there is strong demand for housing in the 87935 zip code and that prices are relatively high compared to other areas of New Mexico. If you're looking for a property in this area, it's important to do your research and compare different options before making a decision.