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.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom11.70%
Two Bedrooms27.90%
Three Bedrooms52.40%
Four Bedrooms4.90%
Five Bedrooms or more0.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.94
Median year structure was built1964
Median Value of occupied units$45,700
Median Price asked for vacant units$39,200

Rented Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1967
Median Monthly Rent asked for vacant units$281

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.40%
Home Equity Loan1.40%
Simple Mortgage57.40%
Debt Free39.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%