Housing in Lordsburg

A typical Lordsburg home is worth roughly $86,000

Typical home value

$86K

NM $318K

Estimate

2-bedroom rent

$990

a month, utilities in · HUD

Median tax bill

$475

NM $1,731

What kind of housing town is Lordsburg?

Read from the numbers below. The page puts what stands out first.

Your money goes further73% below the New Mexico typical home.

★ What stands out · Affordability

A typical home costs 2.4 years of income

Less than across New Mexico (5 years). Try your own numbers below.

You could afford about

$151,000

Typical Lordsburg home $86K

That covers a typical Lordsburg home, with $65K to spare.

The typical home, each month

$490

Loan $430Tax $40Insurance $30

A two-bedroom rents for about $990 a month here, $500 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lordsburg’s typical property tax (0.55% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $826, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$730

1 bedroom$810

2 bedrooms$990

3 bedrooms$1,360

4 bedrooms$1,580

33%

of households rent · NM 30%

254

renter households

58%

of renters spend 30%+ of income on rent · NM 50%

32%

of the median income, for a two-bedroom

$826

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grant County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

67% of Lordsburg households own their home

Half of Lordsburg’s homes were built before 1970.

Owners and renters

Own 67%Rent 33%

New Mexico: 70% own.

1970

typical home built · NM 1985

$475

median property tax bill · NM $1,731

0.55%

of a home’s value, a year in tax · NM 0.70%

U.S. Census Bureau, American Community Survey 2020-2024.

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What Lordsburg buyers, sellers and renters are saying.

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.