Lea County, NM home prices

Lea County, NM: the typical home is worth $202,506 as of 2026-05, up +0.6% over the past year and n/a since 2000. Listings run about $160/sq ft. Rent…

Data as of May 2026 · by the Real Estate Price Map data team · methodology & sources

1976: $101,865 → 2026: $202,506 (2.0×) pre-2000 estimated via FHFA index

Market read

At $202,506, homes in Lea County sit 12% below the New Mexico median ($231,172) and 13% below the US median ($233,954). That ranks #18 of 30 New Mexico counties by price.

Prices are holding steady (+0.6% in the last year) — a balanced market.

Homes here take a while to sell — a median 75 days on the market, with 10% of listings cutting their asking price.

At 3.3× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~23% cheap for local incomes and rents — a relative bargain.

Buying looks cheaper than renting — ~$1,000/mo to buy (P&I, 20% down) vs $1,433/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

Nearby counties

Yoakum County, TX ($194,292) · Gaines County, TX ($240,363) · Andrews County, TX ($265,698) · Eddy County, NM ($253,360) · Cochran County, TX ($63,578) · Terry County, TX ($130,158)