It currently exists in two segments because the bridge over the Elephant Butte Dam was closed in 2001 to traffic.

It continues traveling northwest through the city intersecting NM 171 and Rock Canyon Road before terminating at a junction with NM 181 and the northbound on-off ramp of I-25 and US 85.

At some point the bridge over Elephant Butte Dam became one-way eastbound, causing westbound traffic to take NM 51 and NM 177 to join this route east of the city of Elephant Butte.

[2] On October 16, 2014, a portion of NM 195 was given to the city of Elephant Butte.

Media related to New Mexico State Road 195 at Wikimedia Commons