How much do homeowners pay a month in Lovington, NM?
Homeowners with a mortgage in Lovington, NM pay a median of $1,620 (±$188) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $473 (±$49).
29.7% of owned homes carry a mortgage.
In Lovington, the median monthly cost with a mortgage went from $1,119 in 2015–2019 to $1,620 in 2020–2024 (+44.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- With a mortgage
- $1,620 (±$188)
- Without a mortgage
- $473 (±$49)
- Owned with a mortgage
- 29.7%
Monthly owner costs in Lovington
| Lovington | Lea County | New Mexico | United States | |
|---|---|---|---|---|
| With a mortgage | $1,620 (±$188) | $1,703 (±$76) | $1,564 (±$11) | $1,963 |
| Without a mortgage | $473 (±$49) | $417 (±$27) | $451 (±$4) | $638 |
| Owned homes with a mortgage | 29.7% (±7.5 points) | 39.0% (±3.4 points) | 51.5% (±0.5 points) | 60.6% |
| Median real estate taxes (a year) | $920 (±$240) | $879 (±$83) | $1,731 (±$19) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Lovington, the median cost with a mortgage is not measurably different from Lea County ($1,703).
It is not measurably different from New Mexico ($1,564).
It is lower than the national figure ($1,963).
In Lea County, Lovington ranks 4 of 6 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 52 of 175.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Lovington have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,119 (±$84) | $1,620 (±$188) | +44.8% | Up after inflation |
| Median real estate taxes | $518 (±$51) | $920 (±$240) | +77.6% | Up after inflation |
| Median home value | $116,800 (±$11,691) | $166,100 (±$12,698) | +42.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Lovington
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Lovington | — | $1,620 (±$188) | — |
| North Hobbs | 18 mi | $1,767 (±$197) | Not measurably different |
| Hobbs | 18 mi | $1,828 (±$187) | Not measurably different |
| Tatum | 22 mi | $1,681 (±$299) | Not measurably different |
| Denver City | 30 mi | $1,636 (±$83) | Not measurably different |
| Plains | 35 mi | $1,327 (±$104) | Lower |
| Eunice | 37 mi | $1,536 (±$659) | Not measurably different |
| Seminole | 43 mi | $1,416 (±$97) | Not measurably different |
| Seagraves | 45 mi | $1,065 (±$453) | Lower |
Nearby places with a measurably lower figure: Plains, TX ($1,327), Seagraves, TX ($1,065).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lea County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Hobbs | $1,828 (±$187) |
| 2 | North Hobbs | $1,767 (±$197) |
| 3 | Tatum | $1,681 (±$299) |
| 4 | Lovington | $1,620 (±$188) |
| 5 | Eunice | $1,536 (±$659) |
| 6 | Jal | $1,271 (±$176) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lovington
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lovington beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lovington, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Lovington, and send estimates and invoices from your phone.
Questions about Lovington
What is the average mortgage payment in Lovington?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lovington, NM is $1,620 (±$188) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Lovington?
Owners without a mortgage in Lovington pay a median of $473 (±$49) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Lovington gone up?
In Lovington, the median monthly cost with a mortgage went from $1,119 in 2015–2019 to $1,620 in 2020–2024 (+44.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lovington city, New Mexico
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lovington city, New Mexico
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lovington city, New Mexico
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lovington city, New Mexico
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lovington city, New Mexico
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lovington city, New Mexico (place:44490, in state:35).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lovington at a glance
- Median rent in Lovington
- Rent by bedrooms in Lovington
- Rent burden in Lovington
- Renters and owners in Lovington
- Income and affordability in Lovington
- Home values in Lovington
- Property taxes in Lovington
- Types of homes in Lovington
- Bedrooms in Lovington
- Age of homes in Lovington
- Vacancy rate in Lovington
- Heating fuel in Lovington
- Commute and cars in Lovington
- Crime reported to police in Lovington
- Population growth in Lovington
- How long people stay in Lovington
- Crowding and facilities in Lovington
- New Mexico landlord and tenant rules
- Housing across Lea County
- Housing data for every place in New Mexico