Lovington, NM Real Estate
According to census data in the year 2000 there were 3,871 housing units in Lovington.
This represents a 4.6% growth from 3,700 in 1990.
Of those housing units, 3,809 were located in either urbanized areas or urban clusters, and 62 were located in what is classified as a rural area.
Homeownership rate in Lovington is about 73.4%.
Lovington's vacancy rate, including seasonal lodging, is about 14.4%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in Lovington were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 11.70% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 52.40% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $45,700 |
| Median Price asked for vacant units | $39,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $281 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.40% |
| Home Equity Loan | 1.40% |
| Simple Mortgage | 57.40% |
| Debt Free | 39.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
