Lovington, NM is a city located in the state of New Mexico. The median value of housing in this area is $136,900, which is significantly lower than the US House Median Value of $338,100. Despite this, Lovington still saw an appreciation in home values of 4.31% over the past year, which is still below the national appreciation rate of 8.27%. Thus, homeowners may find it difficult to recoup their investments if they decide to sell their homes in Lovington. However, those who are looking to buy a home here could find good opportunities with lower prices and gradual appreciation rates.
The median home cost in Lovington (zip 88260) is $136,900. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Lovington (zip 88260) is up 6.2%.
Average Age of Homes
- The median age of Lovington (zip 88260) real estate is 48 years old
The Rental Market in Lovington (zip 88260)
- Renters make up 28.2% of the Lovington (zip 88260) population
- 1.8% of houses and apartments in Lovington (zip 88260), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.