At its height of prosperity in 1869, Elizabethtown possibly had between 5,000 to 9,000 residents, making it the most populous place in New Mexico at the time, although the exact number is uncertain since no census was taken.

The town was somewhat revived when the Atchison, Topeka, and Santa Fe Railroad passed nearby in the early 1890s, making mining feasible once again.

Today, Elizabethtown consists of a small collection of ranch homes, built atop the once bustling city.

Additionally, there is a large cemetery atop the hill, containing graves belonging to various individuals, primarily Hispanic.

Serial killer Charles Kennedy lived between Elizabethtown and Taos, luring weary travelers to dine and stay with him at his cabin; he may have killed 14 or more people.