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Lee Acres

Learn about the people, housing, costs and businesses in Lee Acres, New Mexico

Median Home$169,410
Median Rent$957/month
Population3,967
Leading IndustriesManufacturing · Agriculture & Mining · Healthcare3% manufacturing
Home Value Growth+3.8% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners79% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Lee Acres
NM

Frequently Asked Questions

What are today's mortgage rates in Lee Acres?

As of today, the 30-year fixed mortgage rate for Lee Acres is approximately 6.929% (6.962% 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 Lee Acres?

The median home value in Lee Acres is $169k. The median monthly rent is $957. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lee Acres?

Home values in Lee Acres have increased 3.8% over the past two years. This represents moderate growth. 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 Lee Acres?

Based on a typical all-in ownership cost of $780/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lee Acres is $54k/year.

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What industries drive the economy in Lee Acres?

The largest employment sectors in Lee Acres are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.