Lea County, NM — Housing & Real Estate
Home values, rent, homeownership rates, housing types, and property taxes
Housing Overview
Source: Census Bureau ACS (2023)Median Home Value
$176,000
Median Rent
$1,119/mo
Homeownership
69.5%
Vacancy Rate
12.7%
Total Housing Units
28,125
Property Tax
$824/yr
Housing Tenure
Source: Census Bureau ACS (2023)Owner-Occupied69.5%
Renter-Occupied30.5%
Housing Types
Source: Census Bureau ACS (2023)Single Family71.1%
Multi-Family11.3%
Mobile Home17.5%
Owner Costs
Source: Census Bureau ACS (2023)With Mortgage
$699/mo
Without Mortgage
$1,537/mo
Median Year Built
1977
The median home value in Lea County, NM is $176,000 according to 2023 Census Bureau estimates. The median monthly rent is $1,119. 69.5% of housing units are owner-occupied. There are 28,125 total housing units in the county. The vacancy rate is 12.7%.