Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lovington area can be challenging. Home prices in Lovington are now at a median cost of $161,519, lower than the New Mexico average of $199,923.
The average cost of rent is $965/mo in Lovington, primarily driven by the current value of real estate in the Lovington area. While nearly 62.64% of residents own their homes outright in Lovington, 26.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lovington is $5,390 per month. Households that rent pay about 17.90% of their income on rent here. Lovington's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Hillburn City, NM: higher priced homes
- Caprock, NM: less expensive homes
- Prairieview, NM: higher priced homes
- Humble City, NM: higher priced homes
- Maljamar, NM: less expensive homes
- Higginbotham, TX: higher priced homes
- Denver City, TX: higher priced homes
- Loco Hills, NM: equally priced homes
- Seagraves, TX: less expensive homes
- Loop, TX: less expensive homes
Cities with Similar Populations
- Goulds, FL: higher priced homes
- St. Clairsville, OH: higher priced homes
- St. Ann, MO: less expensive homes
- Springdale, NJ: higher priced homes
- Gwynn Oak, MD: higher priced homes
- Gulf Shores, AL: higher priced homes
- Gretna, NE: higher priced homes
- Greenville, PA: less expensive homes
- Greendale, WI: higher priced homes
- St. Martinville, LA: less expensive homes
All Local Stats
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