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Lea County Housing

 
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As of 2006-2010, median price of a house in Lea County is $87,500, which is much lower than the state average of $161,200 and is much lower than the national average of $179,900. The Lea County median house value has grown by 74.65% since 2000. The growth rate for the price of a house in Lea County is higher than the state average rate of 49.12% and is higher than the national average rate of 50.42%. The median year that a house in Lea County was built is 1970, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 15,098 Owner Occupied Houses in Lea County, #26
Lea County
87,500 USD
New Mexico
158,400 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #3
Lea County
74.65%
New Mexico
49.12%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Lea County%New MexicoU.S.
Total Housing Units24,919, see rank100%901,388131,704,730
Occupied Housing Units22,23689.23%, see rank87.80%88.62%
Owner Occupied15,43461.94%, see rank60.14%57.69%
Renter Occupied6,80227.30%, see rank27.65%30.93%
Vacant Housing Units2,68310.77%, see rank12.20%11.38%
For Rent8673.48%, see rank2.46%3.14%
For Sale Only1870.75%, see rank1.23%1.44%
Rented or Sold, Not Occupied930.37%, see rank0.38%0.48%
For Seasonal, Recreational, or Occasional Use2170.87%, see rank4.06%3.53%
For Migrant Workers130.05%, see rank0.03%0.02%
Other Vacant1,3065.24%, see rank4.05%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #24
Lea CountyNew MexicoU.S.
197019801975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Lea County%New MexicoU.S.
Owner-Occupied Units15,098100%526,58576,089,650
With a Mortgage7,02146.50%, see rank61.11%67.94%
Without a Mortgage8,07753.50%, see rank38.89%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lea County
924 USD
New Mexico
1,194 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsLea County%New MexicoU.S.
$299 or Less150.21%, see rank0.40%0.22%
$300 to $4992673.80%, see rank3.52%1.85%
$500 to $6991,46020.79%, see rank9.76%5.39%
$700 to $9992,31632.99%, see rank22.48%14.41%
$1,000 to $1,4992,08529.70%, see rank32.61%27.08%
$1,500 to $1,9996058.62%, see rank16.79%19.94%
$2,000 to $2,9992663.79%, see rank10.61%19.39%
$3,000 or More70.10%, see rank3.83%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lea County
19.50% of the Total Income
New Mexico
23.50% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lea County%New MexicoU.S.
10% or Less81311.58%, see rank6.54%4.85%
10% to 20%2,80439.94%, see rank32.56%28.90%
20% to 30%1,82726.02%, see rank26.34%28.42%
30% to 40%6138.73%, see rank14.02%15.27%
40% or More91012.96%, see rank20.07%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lea County
280 USD
New Mexico
303 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsLea County%New MexicoU.S.
$199 or Less1,79422.21%, see rank21.60%8.92%
$200 to $2992,87435.58%, see rank27.91%16.68%
$300 to $4992,87235.56%, see rank35.12%35.65%
$500 to $6993814.72%, see rank10.61%20.07%
$700 or More1561.93%, see rank4.76%18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lea County
10.00% of the Total Income
New Mexico
10.00% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lea County%New MexicoU.S.
10% or Less4,58056.70%, see rank50.05%38.92%
10% to 20%2,02925.12%, see rank27.88%31.98%
20% to 30%6397.91%, see rank9.37%12.67%
30% to 40%2863.54%, see rank4.46%5.90%
40% or More5106.31%, see rank7.15%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lea County%New MexicoU.S.
Total Housing Units24,693100%887,890130,038,080
1-unit, Detached17,56371.13%, see rank64.32%61.62%
1-unit, Attached4561.85%, see rank3.81%5.74%
2 Units6772.74%, see rank1.87%3.88%
3 or 4 Units3831.55%, see rank3.76%4.47%
5 to 9 Units3781.53%, see rank2.88%4.84%
10 or More Units8583.47%, see rank6.50%12.68%
Mobile Home, Boat, RV, Van, etc.4,37817.73%, see rank16.86%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Lea County%New MexicoU.S.
Total Housing Units24,693100%887,890130,038,080
1 Room3851.56%, see rank2.25%1.59%
2 Rooms3621.47%, see rank2.47%2.62%
3 Rooms1,1604.70%, see rank7.84%9.02%
4 Rooms4,85219.65%, see rank17.85%16.85%
5 Rooms7,17729.06%, see rank25.42%20.93%
6 Rooms5,40621.89%, see rank20.29%18.56%
7 Rooms3,07212.44%, see rank12.12%12.38%
8 Rooms1,2204.94%, see rank6.42%8.39%
9 Rooms or More1,0594.29%, see rank5.33%9.65%
Median Rooms5.30, see rank-5.305.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Lea County%New MexicoU.S.
Total Housing Units24,693100%887,890130,038,080
No Bedroom4641.88%, see rank2.50%1.84%
1 Bedroom1,3585.50%, see rank9.70%11.32%
2 Bedrooms6,78227.47%, see rank26.15%27.20%
3 Bedrooms13,27353.75%, see rank45.97%39.80%
4 Bedrooms2,4109.76%, see rank13.57%15.80%
5 or More Bedrooms4061.64%, see rank2.12%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Lea County%New MexicoU.S.
Total Housing Units21,255100%756,112114,235,996
Utility Gas12,16557.23%, see rank67.51%49.91%
Bottled, Tank, or LP Gas1,2906.07%, see rank10.76%5.38%
Electricity7,46735.13%, see rank13.96%34.20%
Fuel Oil, Kerosene, etc.150.07%, see rank0.14%7.07%
Coal or Coke00.00%, see rank0.07%0.12%
Wood1750.82%, see rank6.44%1.97%
Solar Energy480.23%, see rank0.33%0.03%
Other Fuel550.26%, see rank0.61%0.42%
No Fuel Used400.19%, see rank0.17%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLea County%New MexicoU.S.
Occupied Units Paying Rent5,303100%208,42335,969,315
$199 or Less1713.22%, see rank3.03%2.25%
$200 to $2993296.20%, see rank3.93%3.41%
$300 to $4991,13621.42%, see rank16.43%9.80%
$500 to $6991,64130.94%, see rank28.97%19.41%
$700 to $9991,30524.61%, see rank28.19%29.88%
$1,000 to $1,49955010.37%, see rank16.20%23.51%
$1,500 to $1,999891.68%, see rank2.26%7.56%
$2,000 or More821.55%, see rank0.99%4.16%
Median$629, see rank-$683$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Lea County%New MexicoU.S.
Occupied Housing Units21,255100%756,112114,235,996
No Vehicles Available1,0635.00%, see rank5.54%8.85%
1 Vehicles Available6,55830.85%, see rank33.26%33.28%
2 Vehicles Available8,36739.36%, see rank37.98%37.87%
3 or More Vehicles Available5,26724.78%, see rank23.22%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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