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Lea County, NM Home Values and Rents
The typical home value in Lea County is $196,513, 14th highest of 33 counties in New Mexico. Median rent is $1,469 a month.
- Typical home value
- $196,513
- 14th of 33 in NM
- Median rent
- $1,469/mo
- Zillow observed rent
- Price change, 1 year
- +3.0%
- Sep 2026
- Homeownership
- 71.2%
- NM: 70.0%
Typical home value in Lea County
Zillow Home Value Index, all homes, middle tier
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| Period | Lea County |
|---|---|
| Sep 2026 | $196,513 |
| Dec 2025 | $190,627 |
| Dec 2024 | $189,754 |
| Dec 2023 | $192,180 |
| Dec 2022 | $210,518 |
| Dec 2021 | $232,648 |
| Dec 2020 | $257,176 |
| Dec 2019 | $245,465 |
| Dec 2018 | $227,647 |
| Dec 2017 | $219,720 |
| Dec 2016 | $219,169 |
| Dec 2015 | $224,253 |
| Dec 2014 | $224,220 |
| Dec 2013 | $202,806 |
Over five years, Lea County prices changed -17.3%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by city in Lea County
Median home value (ACS 2020-2024), places with 500+ residents
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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Fair Market Rents, FY2027
HUD rent standard for Lea County, NM
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,111 | +4.6% |
| 1 bedroom | $1,117 | +4.6% |
| 2 bedrooms | $1,327 | +0.2% |
| 3 bedrooms | $1,670 | +1.8% |
| 4 bedrooms | $1,823 | -0.3% |
Frequently asked questions
- What is the typical home value in Lea County, NM?
- The typical home value in Lea County is $196,513 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in Lea County?
- The median rent in Lea County is $1,469 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,327.
- Are home prices going up in Lea County?
- The typical home value in Lea County changed +3.0% over one year and -17.3% over five years, as of Sep 2026.
- How does Lea County compare with the rest of New Mexico?
- Lea County has the 14th highest median home value of 33 counties in New Mexico.
- Which ZIP code in Lea County has the highest home values?
- ZIP code 88265 has the highest median home value at $261,400, and 88252 has the lowest at $97,600.