HomeNew MexicoSierra CountyElephant Butte
Elephant Butte, New Mexico: commercial real estate data.
Elephant Butte is a Census city of 1,790 people across 4.18 square miles of land, in Sierra County. Median household income is $53,482, 77.6 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $2.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Elephant Butte
What Elephant Butte is
- Census place typecity
- Land area4.18 sq mi
- Water area0.01 sq mi
- Population per square mile of land428 plus or minus 97
- County holding the largest share of its areaSierra County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elephant Butte
How many people live in Elephant Butte
- Population1,790 plus or minus 407
- Median age62.7
- Population under 18213 plus or minus 156
- Share under 1811.9 percent plus or minus 8.3
- Population 65 and over820 plus or minus 249
- Share 65 and over45.8 percent plus or minus 9.2
- Households975 plus or minus 240
- Family households479 plus or minus 180
- Share of households that are families49.1 percent plus or minus 13.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elephant Butte
Income and work in Elephant Butte
- Median household income$53,482 plus or minus $16,863
- Per capita income$33,162
- Civilian labor force567 plus or minus 245
- Employed537 plus or minus 230
- Unemployed30 plus or minus 32
- Unemployment rate5.3 percent plus or minus 5.2
- Adults 25 and over1,577 plus or minus 354
- Adults 25 and over with a high school diploma or higher94.9 percent
- Adults 25 and over with a bachelor degree or higher19.0 percent plus or minus 8.4
- Adults 25 and over with a graduate degree4.6 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elephant Butte
Housing in Elephant Butte
- Housing units1,595
- Occupied units975 plus or minus 240
- Vacant units620 plus or minus 158
- Vacancy rate38.9 percent plus or minus 8.1
- Owner occupied757 plus or minus 212
- Renter occupied218 plus or minus 106
- Ownership rate77.6 percent
- Median owner-occupied home value$176,800 plus or minus $45,486
- Median gross rent, monthly$1,089 plus or minus $707
- Annual rent as a share of median income24.4 percent plus or minus 17.6
- Single family units567 plus or minus 163
- Share single family35.5 percent plus or minus 8.8
- Units in buildings of two or more13 plus or minus 24
- Share in buildings of two or more0.8 percent plus or minus 1.5
- Mobile homes992 plus or minus 228
- Median year structure built1995
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elephant Butte
How Elephant Butte gets to work
- Workers 16 and over who commute505 plus or minus 229
- Commuting under 15 minutes242 plus or minus 152
- Share commuting under 15 minutes47.9 percent plus or minus 20.8
- Commuting 30 minutes or more0
- Share commuting 30 minutes or more0.0 percent
- Drove alone86.8 percent plus or minus 24.5
- Carpooled0.0 percent
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home6.0 percent plus or minus 5.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elephant Butte
SBA loans in Elephant Butte (7(a))
- Approvals6
- Gross approval$2,572,500
- Average approval$428,750
- Median approval$257,500
- Largest approval$1,080,000
- Jobs supported23
- Jobs per approval3.8
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS6
Counted by borrower city: approvals to borrowers whose address is in Elephant Butte, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Elephant Butte
Flood risk in Elephant Butte
- NFIP communityCity of Elephant Butte
- NFIP community number350136
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/16/96
The City of Elephant Butte participates in the National Flood Insurance Program as community 350136 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Sierra County, not Elephant Butte
Sierra County context, not Elephant Butte figures
- Establishments in Sierra County222
- Covered employment, Sierra County3,522
- Average annual pay, Sierra County$44,291
Every figure in this section is published for Sierra County as a whole and is not a measurement of Elephant Butte.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Elephant Butte questions, answered from the record.
How many people live in Elephant Butte, New Mexico?
1,790, in 975 households. Elephant Butte city covers 4.18 square miles of land, which is 428 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Elephant Butte in?
Sierra County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Elephant Butte?
$53,482. The median owner-occupied home is valued at $176,800. Median gross rent is $1,089 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Elephant Butte businesses?
6 7(a) approvals totaling $2.6 m since FY2020, across 4 lenders, median approval $257,500. These count approvals to borrowers whose address is in Elephant Butte, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Elephant Butte borrowers get paid back?
No rate is published for Elephant Butte. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Elephant Butte in the National Flood Insurance Program?
Yes. Elephant Butte appears in the FEMA Community Status Book as Elephant Butte, city of, community 350136, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Elephant Butte figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Sierra County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Elephant Butte.
Is zoning published for Elephant Butte?
No. Nothing on this page presents parcel level zoning.