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Lovington city, NM

ZIP 88260 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88260

Median Home Value
$174,200
Median Rent
$874
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,119/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88260 in Lovington city, NM, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,119. That sits below the local median household income ($75,197), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.3%+14% vs US avg
x
Vacancy Rate
14.9%+45% vs US avg
x
Broadband Access
89.8%+3% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
64.8%+70% vs US avg
x
$174,200
Home Value
$874
Rent
1974
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.0%
  • 1-unit attached0.7%
  • 2-9 units3.4%
  • 10+ units0.8%
  • Mobile home & other22.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$174,200
Median rent$874
Owner-occupied74.3%
Vacant14.9%
Price-to-income2.3x
Est. income to buy$48,000