Checked
Tatum, NM Home Values and Rents
The median home value in Tatum is $111,200. Median rent is $943 a month.
- Median home value
- $111,200
- ACS 2020-2024
- Median rent
- $943/mo
- ACS 2020-2024
- Price change, 1 year
- +6.2%
- County index, 2025
- Homeownership
- 74.8%
- NM: 70.0%
Lea County home price trend
FHFA annual House Price Index for Lea County, 2000 = 100, compared with New Mexico
Show as a table
| Period | Lea County |
|---|---|
| 2025 | 333 |
| 2024 | 313 |
| 2023 | 298 |
| 2022 | 282 |
| 2021 | 267 |
| 2020 | 253 |
| 2019 | 244 |
| 2018 | 230 |
| 2017 | 228 |
| 2016 | 220 |
| 2015 | 221 |
| 2014 | 219 |
| 2013 | 207 |
| 2012 | 194 |
| 2011 | 189 |
Over five years, Lea County prices changed +31.5%, compared with +33.9% for New Mexico.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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 median home value in Tatum, NM?
- The median home value in Tatum is $111,200, based on the American Community Survey 2020-2024 5-year estimates. The New Mexico median is $248,100.
- How much is rent in Tatum?
- The median rent in Tatum is $943 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,327.
- Are home prices going up in Tatum?
- Home prices in Lea County changed +6.2% over one year and +31.5% over five years, as of 2025.