In Lovington, a typical home is worth $166,100 and typical rent is $1,014 a month. Compared with all of Lea County, the typical home value is 10% lower and typical rent is 8% lower.
Typical home value from Zillow, September 2021 to September 2026: from $230,108 to $184,013.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lovington is in Lea County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lea County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Lovington rose 4.9%; in New Mexico, it rose 1.7%.
2
Lovington has the 4th largest share of rent-burdened renters of the 37 cities in New Mexico with more than 5,000 people (60%).
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Lovington
What homes there are in Lovington, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lovington
Lea County
New Mexico
United States
Kind of home: Lovington and its comparisons
Measure
Lovington
Lea County
New Mexico
United States
Detached house
72%
69%
65%
61%
Attached house
Unreliable estimate
2%
4%
6%
Building of 2 to 4
Unreliable estimate
4%
6%
8%
Apartments (5 or more)
Unreliable estimate
7%
10%
19%
Mobile home
21%
17%
16%
6%
Boat, RV and other
Unreliable estimate
1%
0%
0%
The detached house rules in Lovington: 72% of homes, more than in Lea County (69%).
In Lovington there are many mobile homes: 21% of homes; in Lea County, 17%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lovington
Lea County
New Mexico
United States
Year built: Lovington and its comparisons
Measure
Lovington
Lea County
New Mexico
United States
Before 1960
31%
21%
17%
26%
1960–1979
38%
31%
26%
24%
1980–1999
18%
24%
32%
25%
2000–2009
Unreliable estimate
9%
16%
14%
2010 or later
10%
16%
10%
11%
In Lovington, half of the homes were built before 1971; in Lea County, before 1979.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K21%
$100K–$200K42%
$200K–$300K16%
$300K–$500K19%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lovington and its comparisons
Measure
Lovington
Under $100K
21%
$100K–$200K
42%
$200K–$300K
16%
$300K–$500K
19%
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
At least 98% of owner-occupied homes in Lovington are worth less than $500,000, below the FHA loan limit for Lea County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99935%
$1,000–$1,49942%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lovington and its comparisons
Measure
Lovington
Under $500
Unreliable estimate
$500–$999
35%
$1,000–$1,499
42%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,620 a month
Lea County: $1,703 a month
Without a mortgage
$473 a month
Lea County: $417 a month
Owners with a mortgage
30%
Lea County: 39%
In Lovington, 30% of owners have a mortgage; their typical cost is $1,620 a month, about the same as in Lea County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lovington+42%
Lea County+38%
New Mexico+45%
United States+53%
Typical rent
Lovington+23%
Lea County+23%
New Mexico+26%
United States+33%
Typical household income
Lovington+33%
Lea County+12%
New Mexico+29%
United States+29%
Change since 2015–2019: Lovington and its comparisons
Measure
Lovington
Lea County
New Mexico
United States
Typical home value
+42%
+38%
+45%
+53%
Typical rent
+23%
+23%
+26%
+33%
Typical household income
+33%
+12%
+29%
+29%
Since 2015–2019, homes in Lovington gained value faster than in Lea County: 42% against 38%.
Much as in Lea County, the typical rent in Lovington rose 23% since 2015–2019.
While home values in Lovington changed +42% and rent +23%, the typical household income rose 33%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lovington and its comparisons
Measure
Lovington
Lea County
New Mexico
United States
Rental vacancy
Unreliable estimate
8.9%
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
5.2%
3.3%
3.4%
People per household
3.28
2.90
2.48
2.53
Drive alone
67%
76%
74%
69%
Carpool
22%
18%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
Unreliable estimate
4%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
On average, a household in Lovington has 3.28 people, more than in Lea County (2.90).
More people carpool to work in Lovington than in Lea County: 22% against 18%.
Do the math
What would you pay each month for a home in Lovington?
A typical home is within reach of the typical income
We start with a typical home in Lovington, worth $166,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Lovington, which is $68,821 a year.
The calculator's FHA and conventional loan limits are those of all of Lea County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lovington. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,814 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,324
at 7.18% · 30 years
Loan amount
$163,091
Total interest
$234,650
Paid off in
November 2056
Includes $2,805 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,606 a month
Your payment · 23%
Tight
$1,606 to $2,065 a month
Hard
more than $2,065 a month
Compared with the typical household income in Lovington ($68,821 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,105
Property tax
$76
Home insurance
$69
FHA mortgage insurance (MIP)
$73
You need at least $5,814 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,324; principal and interest $1,105.
The city and its county
Lovington and Lea County
Lovington is in Lea County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lovington
Map of Lea County, New Mexico, with Lovington marked. Around it, the neighboring counties.
Lovington
Lea County
Other cities with a page
Lovington's own numbers
Typical home value
$166,100
Typical monthly rent
$1,014
Typical yearly household income
$68,821
Households that own their home
73%
Effective property tax rate
0.55%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lea County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,327
Price change over 5 years (FHFA)
+32%
Homes in a high flood-risk zone
11%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lea County.
A typical home in Lovington is worth $166,100: 10% below the county and 33% below New Mexico. With the typical household income in Lovington ($68,821 a year), a typical home costs 2.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lovington2.4 years
Lea2.7 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lea County
According to FHFA’s house price index, home prices in Lea County rose 51% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lea County.
Yearly change in FHFA’s price index in Lea County, 2016 to 2025
2016: −0.3% −0.3% 2016
2017: +3.4% +3.4% 2017
2018: +0.9% +0.9% 2018
2019: +6.3% +6.3% 2019
2020: +3.6% +3.6% 2020
2021: +5.4% +5.4% 2021
2022: +5.8% +5.8% 2022
2023: +5.5% +5.5% 2023
2024: +5.2% +5.2% 2024
2025: +6.2% +6.2% 2025
Change in FHFA’s price index in Lea County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
+6.2%
+3.1%
+2.9%
5 years (2020–2025)
+32%
+50%
+47%
10 years (2015–2025)
+51%
+82%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lovington next to Lea County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lovington$166,100
Lea$184,000
New Mexico$248,100
United States$332,700
Typical monthly rent
Lovington$1,014
Lea$1,101
New Mexico$1,067
United States$1,413
Typical yearly household income
Lovington$68,821
Lea$68,015
New Mexico$64,059
United States$80,734
See the full table
Lovington next to Lea County and New Mexico
Measure
Lovington
Lea County
New Mexico
U.S.
Typical home value
$166,100 ▼10% below the county
$184,000
$248,100
$332,700
Typical monthly rent
$1,014 ▼8% below the county
$1,101
$1,067
$1,413
Typical yearly household income
$68,821
$68,015
$64,059
$80,734
Households that own their home
73% ▲2 points above the county
71%
70%
65%
Typical yearly property tax
$920 ▲5% above the county
$879
$1,731
$3,119
Effective property tax rate
0.55% ▲0.07 points above the county
0.48%
0.7%
0.94%
Renters with high rent for their income
60% ▲12 points above the county
48%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lea County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lovington
For a typical $166,100 home in Lovington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lovington's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,324a month
Least cash to close
Down payment
$5,814
Cash to close
$10,797
Rate
7.18%
Mortgage insurance
FHA MIP · $73
Conventional, 5% down$1,293a month
Down payment
$8,305
Cash to close
$13,288
Rate
7.18%
Mortgage insurance
PMI · $79
Conventional, 20% down, no PMI$1,046a month
Down payment
$33,220
Cash to close
$38,203
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,199a month
Down payment
$24,915
Cash to close
$29,898
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lovington
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,324
$5,814
$163,092
7.18%
FHA MIP · $73
$10,797
580
Conventional, 5% down
$1,293
$8,305
$157,795
7.18%
PMI · $79
$13,288
620*
Conventional, 20% down, no PMI
$1,046
$33,220
$132,880
7.18%
None
$38,203
620*
ITIN, 15% down (example)
$1,199
$24,915
$141,185
8.18%
None
$29,898
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lovington and for Lea County.
Property tax
Effective rate in Lovington
0.55%of the home’s value each year
$920 a year for the typical owner in Lovington.
Lovington0.55%
Lea0.48%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Lovington is $1,014 a month: 8% below the county. In Lovington, 60% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lea County, by unit size. To pay the 2-bedroom one ($1,327 a month) without spending more than 30% of your income, you would need to earn $25.52 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lea County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,111
$21.37
$44,440
1 bedroom
$1,117
$21.48
$44,680
2 bedrooms
$1,327
$25.52
$53,080
3 bedrooms
$1,670
$32.12
$66,800
4 bedrooms
$1,823
$35.06
$72,920
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lovington
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lovington is in ZIP code 88260.
For 2 bedrooms it is $1,240: $87 less than the fair market rent for Lea County ($1,327).
Fair market rent by ZIP code and size in Lovington, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
88260
$1,040
$1,040
$1,240
$1,560
$1,700
ZIP code2 bd3 bd
88260 $1,240$1,560
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lovington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Lovington. These are the largest.
Polk Avenue Apts214 W Polk Ave, Lovington 8826052 low-income homes · 1 bd: 39 · 2 bd: 13 · In service since 1999 · For older adults(575) 396-6129
Lovington200 W Avenue P, Lovington 8826050 low-income homes · Run by Eastern Regional Housing Authority · Average payment: $448 a month · Average wait: 18 months(575) 622-0881
Southview Place Apts1300 W Avenue R, Lovington 8826048 homes, 46 low-income · In service since 2009
Buena Vista1501 Good Samaritan Dr, Lovington 8826024 low-income homes · For older adults(575) 396-4912
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Lea County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Lovington or Lea County. The ones below are statewide in New Mexico: they work in Lovington the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Lovington or Lea County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lovington and all of Lea County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lovington?
The typical home value in Lovington is $166,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lea County it is $184,000.
How much does it cost to rent in Lovington?
Typical rent in Lovington is $1,014 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lea County is $1,327.
What is the FHA loan limit in Lovington?
Lovington uses the FHA limit for all of Lea County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lovington?
The typical homeowner in Lovington pays $920 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Lea County, the rate is 0.48%.
Where can I find free help to buy or rent in Lovington?
We found no HUD-approved counseling agencies with an office in Lea County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
