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Affordable
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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 $194,125, lower than the New Mexico average of $265,486.
The average cost of rent is $1,091/mo in Lovington, primarily driven by the current value of real estate in the Lovington area. In Lovington, 24.11% of households rent, and 67.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lovington is $6,429 per month. Households that rent pay about 16.97% of their income on rent here. Lovington’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hillburn City, NM: higher priced homes
- Caprock, NM: equally priced homes
- Prairieview, NM: higher priced homes
- Humble City, NM: higher priced homes
- Maljamar, NM: equally priced homes
- Higginbotham, TX: higher priced homes
- Denver City, TX: higher priced homes
- Loco Hills, NM: less expensive homes
- Seagraves, TX: equally priced homes
- Loop, TX: higher priced 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
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