housing costs · New Mexico
Housing costs in Lea County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,101 | ± $52 | evidence → |
| 2019–2023 | $1,119 | ± $47 | evidence → |
| 2018–2022 | $1,031 | ± $66 | evidence → |
| 2017–2021 | $967 | ± $35 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $184,000 | ± $8,831 | evidence → |
| 2019–2023 | $176,000 | ± $9,012 | evidence → |
| 2018–2022 | $162,000 | ± $6,575 | evidence → |
| 2017–2021 | $144,400 | ± $7,057 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 29.5 % | ± 2.5 % | evidence → |
| 2019–2023 | 28.4 % | ± 2.9 % | evidence → |
| 2018–2022 | 26.3 % | ± 3.2 % | evidence → |
| 2017–2021 | 26.1 % | ± 3.7 % | evidence → |
In context
Median rent in Lea County is $1,101, above the New Mexico median of $872 across 33 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.