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Lea County

Learn about the people, housing, costs and businesses in Lea County County

Median Home$189,926
Median Rent$1,113/month
Population73,733
Leading IndustriesManufacturing · Information & Media · Agriculture & Mining14% manufacturing
Home Value Growth⬆⬆+12.0% over 2 years
Family-Friendly30% of residentstop 2% nationally
Homeowners71% of occupied units
Lea County
NM

Frequently Asked Questions

What are today's mortgage rates in Lea County?

As of today, the 30-year fixed mortgage rate for Lea County is approximately 7.201% (7.231% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lea County?

The median home value in Lea County is $190k. The median monthly rent is $1,113. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lea County?

Home values in Lea County have increased 12.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lea County?

Based on a typical all-in ownership cost of $890/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lea County is $72k/year.

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What industries drive the economy in Lea County?

The largest employment sectors in Lea County are public administration (19%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas