Lea County, NM Housing

Lea, NM County is an attractive place for potential home buyers. The median housing value in this area is $149,700 which is significantly lower than the national median housing value of $338,100. Additionally, the house appreciation rate over the last year in Lea, NM County was 9.54%, higher than the national rate of 8.27%. This makes it a great choice for anyone looking to purchase a home in the near future due to its affordability and high potential for appreciation.

The median home cost in Lea County is $149,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Lea County is up 6.2%.

Average Age of Homes

- The median age of Lea County real estate is 44 years old

The Rental Market in Lea County

- Renters make up 25.1% of the Lea County population
- 3.0% of houses and apartments in Lea County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lea, New Mexico	United States
	27,600.0	139,647,020.0
	48	42
	$149,700	$338,100
	6.2%	16.6%
	33.1%	57.0%
	51.7%	101.1%
	$4.59	$10.98
	$663	$2,690
	59.1%	57.4%
	13.6%	11.2%
	27.3%	31.4%
Vacant Housing
	3.0%	1.9%
	0.2%	0.4%
	0.9%	0.7%
	1.8%	0.4%
	0.7%	3.6%
	7.0%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	4.0%	2.4%
	5.4%	2.8%
	8.2%	3.9%
	9.3%	4.5%
	20.0%	11.3%
	18.6%	13.0%
	19.7%	20.1%
	4.8%	13.6%
	1.0%	8.3%
	3.1%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	7.3%	13.6%
	12.7%	13.2%
	18.1%	14.8%
	7.3%	13.6%
	19.4%	10.0%
	4.2%	4.7%
	3.1%	12.2%

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