Lovington, NM—88260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lovington, NM
As of Oct '25, the median home price in Lovington, NM is $165,000, with a year-over-year change of 0.4%. This indicates that home prices in Lovington, NM are flat. According to Zillow, the 1-year price projection is -8.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $165,000 | 0.4% |
| Single Family | $165,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $203,000 | 6.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lovington, NM
Lovington, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lovington, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Lovington, NM is 30. This is a increase of 54.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | 38.0% |
Listing Count | 15 | -35.0% |
| Listings as % of Homes | 0.3% | -35.0% |
Days on Market | 30 | 54.0% |
Demographics — Lovington, NM
As of the latest ACS Survey released in 2023, Lovington, NM has a population of 15,400, which has increased by 1.8% over the past 5 years. Lovington, NM is a popular place for families, as children make up 31.7% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | 1.8% |
% Under 18 | 31.7% | 6.4% |
% Seniors | 8.8% | -23.5% |
% WFH | 7.3% | 305.6% |
% w/ College Degree | 14.7% | 44.1% |
As of the latest ACS Survey released in 2023, Lovington, NM is a predominantly hispanic area, with 65.5% of the population identifying as hispanic. The hispanic population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Lovington, NM is white, making up 30.6% of the population. Foreign-born residents account for 20.6% of the population in Lovington, NM, and this percentage has increased by 4.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.6% | 0.7% |
% Black | 2.8% | 86.7% |
% Hispanic | 65.5% | -3.4% |
% Asian | 2.0% | ∞% |
% Foreign Born | 20.6% | 4.0% |
Mortgage and Risk — Lovington, NM
According to HUD data as of 2023, there were 141 mortgage originations in Lovington, NM, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Lovington, NM. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lovington, NM
Lovington, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 128 |
Total Units Section 8 | 78 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Lovington, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $165,000 |
| Median Household Income | $75,200 |