Elephant Butte vs Hobbs: Housing
| Elephant Butte | Hobbs | |
|---|---|---|
| Median Home Value | $176,800 | $191,300 |
| Median Gross Rent | $1,089/mo | $1,112/mo |
| Homeownership Rate | 77.6% | 66.0% |
| Rent as Share of Income | 24.4% | 20.8% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.