Lovington, NM housing market
The typical Lovington home is worth about $195,000, up 3.8% in a year, 39% below the New Mexico typical home. Homes typically sell in 49 days.
Home values, sales, trends and how Lovington compares with the towns next door — updated as new data is published.
Lovington at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Lovington | New Mexico |
|---|---|---|
| 2017 | $208,000 | $178,000 |
| 2018 | $219,000 | $184,000 |
| 2019 | $232,000 | $193,000 |
| 2020 | $253,000 | $205,000 |
| 2021 | $268,000 | $229,000 |
| 2022 | $237,000 | $263,000 |
| 2023 | $213,000 | $287,000 |
| 2024 | $191,000 | $302,000 |
| 2025 | $187,000 | $313,000 |
| 2026 | $187,000 | $315,000 |
| August 2026 | $195,000 | $318,000 |
2.8 years of income
The typical Lovington home costs about 2.8 years of the town's median household income, less than across New Mexico (5 years).
How Lovington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,250
HUD's Fair Market Rent for a two-bedroom in Lovington is $1,250 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lovington pay a median of $1,014, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $1,000 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (88260; Lea County, NM), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.