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Explore Similar Apartments Within 25 Miles of Lovington, NM

  • /2

    $115,000

    • 2 Beds
    • 2 Baths

    2616 W Midwest St, Hobbs, NM 88240

    Great investment property waiting for you to make it yours! 2 Manufactured homes and storage unit. All fenced in. 1981 Woodlake Manufactured Home 14 X 56 1982 Manatee Manufactured Home 14 X 66 Needs some TLC, Sold "As is"

    JOSEPHINA MARQUEZ CORE REALTY GROUP

    2616 W Midwest St, Hobbs, NM 88240
  • /9

    $165,000

    412 E Park St, Hobbs, NM 88240

    412 & 414 E. Park Elevate your investment portfolio with this exceptional income-producing duplex, designed for maximum rental potential. Each unit features a comfortable one-bedroom layout, complete with a bathroom, kitchen, and living room, ensuring a cozy living experience for tenants. This property not only offers immediate cash flow with limited rental properties in Hobbs this investment

    JUSTIN SAVELL Found Real Estate

    412 E Park St, Hobbs, NM 88240
  • /8

    $175,000

    • 1 Bath

    500 & 500 1/2 E Stanolind Rd, Hobbs, NM 88240

    Great investment properties with excellent rental history. Both homes are 2 bedrooms 1 bath about 800 sq ft each. Metal roofs and siding! Front house was remodeled a couple years ago. Back house was just remodeled and has upgraded electrical and panel.

    Kevin White Empire Real Estate Group, LLC

    500 & 500 1/2 E Stanolind Rd, Hobbs, NM 88240
  • /2

    $1,200,000

    • 15 Beds
    • 15 Baths

    210 W Dunnam St, Hobbs, NM 88240

    15 Units with $900 per month average on rent. Seller pays water. Room to add more units on the bottom story.

    Matthew Smith MVMT REALESTATE

    210 W Dunnam St, Hobbs, NM 88240

Why Live in Lovington

Lovington, NM, situated in southeastern New Mexico near the Texas border, offers a country lifestyle with a strong sense of community. Residents often gather for local events, such as Friday night football games at Wildcat Stadium, which seats 5,000. The city, with a population of over 11,000, is deeply rooted in the oil industry, providing job security for many. Lovington's housing market features midcentury ranch-style homes on flat, gridded streets, with newer constructions emerging on the outskirts. These homes, some on expansive farms and ranches, reflect the city's agricultural heritage. Chaparral Park, the largest of Lovington's eight parks, hosts unique events like the "World’s Greatest Lizard Race" and a fishing derby, adding to the city's local features. Main Street serves as a hub for locally owned stores and restaurants, while the historic Lea Theatre and Lea County Museum offer cultural insights. Despite the absence of public transportation, residents can drive to Hobbs, 21 miles away, for more shopping options. Lovington faces environmental challenges, including high wildfire risk and areas designated as Special Flood Hazard Zones, requiring special permits for construction. The Nor-Lea Hospital District enhances the city's role as a healthcare hub, while the Lovington Wellness Center provides recreational amenities like an indoor pool.

Home Trends in Lovington, NM

Housing Trends

Median Sale Price
$181,000
Median Single Family Sale Price
$180,500
Median Townhouse Sale Price
$192,500
Average Price Per Sq Ft
$129
Number of Homes for Sale
8
Last 12 months Home Sales
107
Months of Supply
0.90
Median List Price
$195,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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