Home Insurance in Elida, New Mexico
The median home value in Elida is $49,500, 64% lower than the Roosevelt County median.
The typical home in Elida was built around 1972. About 28% of homes were built before 1960, about 5 points above Roosevelt County's 24%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Elida is 64% single-family homes and 27% mobile or manufactured homes.
About 14% of owner-occupied homes in Elida have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Elida has an owner-occupancy rate of 94% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Elida, 48% of homes are primarily heated with electricity. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Roosevelt County had 119 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is wildfire (Relatively High). See the full Roosevelt County home insurance overview for all FEMA hazard ratings and flood coverage details.
In New Mexico, the statewide average premium for a standard HO-3 homeowners policy is $1,490 per year (NAIC, 2023 data).
Key figures
| Median home value | $49,500 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 14% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Roosevelt County | 119 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)