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These days, finding an affordable place to live in the Lea County area can be challenging. Home prices in Lea County are now at a median cost of $205,139, lower than the New Mexico average of $265,486.
The average cost of rent is $1,160/mo in Lea County, primarily driven by the current value of real estate in the Lea County area. In Lea County, 28.82% of households rent, and 59.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lea County is $6,389 per month. Households that rent pay about 18.15% of their income on rent here. Lea County’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Gaines County, TX: higher priced homes
- Dawson County, TX: less expensive homes
- Borden County, TX: less expensive homes
- Scurry County, TX: less expensive homes
- Fisher County, TX: less expensive homes
- Otero County, NM: less expensive homes
- Jones County, TX: less expensive homes
- Shackelford County, TX: less expensive homes
- Stephens County, TX: less expensive homes
- Palo Pinto County, TX: equally priced homes
Counties with Similar Populations
- Leavenworth County, KS: higher priced homes
- St. Francois County, MO: equally priced homes
- Spalding County, GA: equally priced homes
- Somerset County, PA: less expensive homes
- Shiawassee County, MI: equally priced homes
- Scioto County, OH: less expensive homes
- Sauk County, WI: higher priced homes
- San Patricio County, TX: equally priced homes
- Salem County, NJ: higher priced homes
- Rockingham County, VA: higher priced homes
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