$325,000
- 3 bd
- 2 ba
- 1,850 sqft
4824 W Big Red Rd
Lea County, NM Housing Market
$196,513
3.0% 1-yrThe average Lea County, NM home value is $196,513, up 3.0% over the past year, and homes go to pending in around 8 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Lea County Key Takeaways
Typical Home Values: $196,513
1-Year Value Change: +3%
(Data through September 30, 2026)
Lea County Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 114 ()
New Listings: 48 ()
Median Sale to List Ratio: 0.974 ()
Median Sale Price: $235,655 ()
Median List Price: $310,417 ()
Percent of Sales Over List Price: 13.8% ()
Percent of Sales Under List Price: 65.3% ()
Median Days to Pending: 8 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Cities in Lea County
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Lea County Rental Market Trends
Average Rent: $1,469 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: 0.9% ()
Year-Over-Year Change: 9.1% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Lea County, NM?
The median home value in Lea County, NM is $196,513 as of September 2026. This represents a 0.3% decrease compared to last month and a 3.0% increase year-over-year.
How do home values in Lea County, NM compare to New Mexico and the national average?
The median home value in Lea County, NM ($196,513) compares to New Mexico ($315,812) and the U.S. national median ($366,157).
What are the top cities in Lea County, NM by home value?
The cities with the highest median home values in Lea County, NM include: Hobbs ($211,306), Lovington ($184,013), Eunice ($157,125), Jal ($140,872). These cities represent the most expensive areas within the county.
