Much like its nearby areas, it's substantially less expensive compared to the entire country. Compared to the city of Roswell however, it's somewhat more expensive.
Home prices
Lovington's median home price is $116,800. It is about $2,300 (1%) lower in comparison to nearby areas.In comparison to the United States as a whole it is about $100,700 (46%) lower, and in comparison to the city of Roswell it is approximately $11,700 (11%) higher.
Rents
In Lovington the median monthly rent is $824. It is is very similar compared to other places in this area.Compared to the United States as a whole it is approximately $238 (22%) lower, and compared to the city of Roswell is roughly $46 (5%) higher.
Nearby places
North Hobbs
North Hobbs is about 14 miles southeast of Lovington. Its real estate prices are significantly more expensive. North Hobbs's median home value is $186,000, which is $69,200 (37%) higher than Lovington. Its rents are a bit more expensive. North Hobbs's median monthly rent is $1,007, which works out to $183 (18%) higher than Lovington.
Hobbs
Hobbs is about 16 miles southeast of Lovington. Its real estate prices are a bit more expensive. The median home in Hobbs costs $140,600, which is $23,800 (16%) higher than Lovington. Its rents are somewhat more expensive. In Hobbs the median rent is $895 per month, which works out to $71 (7%) higher than Lovington.
Tatum
Tatum is approximately 25 miles north of Lovington. Its housing prices are somewhat less expensive. The median home in Tatum is valued at $90,000, which comes out to $26,800 (29%) lower than Lovington. Rents there are somewhat less expensive. Tatum's median rent is $718 a month, which works out to $106 (14%) lower than Lovington.
Denver City
Denver City is roughly 25 miles east from Lovington. Housing prices there are similar. Denver City's median home value is $118,200, which comes out to $1,400 (1%) higher than Lovington. The rent there is similar. Denver City's median monthly rent is $829, which is very similar to Lovington.
Plains
Plains is about 32 miles northeast from Lovington. The housing prices there are a lot less expensive. The median home cost in Plains is $60,700, which works out to $56,100 (92%) lower than Lovington. The rent there is somewhat less expensive. In Plains the median rent is $645 per month, which works out to $179 (27%) lower than Lovington.
