Rent in 88260 (Lovington, NM)
In ZIP 88260 (Lovington, NM), a 2-bedroom typically rents for $980–$1,327 a month, 26% below the Lea County Fair Market Rent of $1,327. Other sizes: studio $1,111, 1 bed $1,117, 3 beds $1,263–$1,670, 4 beds $1,823. Owner-occupied homes in Lea County pay about 0.48% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,111 | $1,111 | $1,111used above |
| 1 bed | $1,117 | $1,117 | $1,117used above |
| 2 beds | $980–$1,327 | $980 | $1,32726% below |
| 3 beds | $1,263–$1,670 | $1,263 | $1,67024% below |
| 4 beds | $1,823 | $1,823 | $1,823used above |
- Studio: HUD Fair Market Rent (county) $1,111 (Oct 1, 2026)
- 1 bed: HUD Fair Market Rent (county) $1,117 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $980 ±$115 (Dec 31, 2024); HUD Fair Market Rent (county) $1,327 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $1,263 ±$322 (Dec 31, 2024); HUD Fair Market Rent (county) $1,670 (Oct 1, 2026)
- 4 beds: HUD Fair Market Rent (county) $1,823 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
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Frequently asked questions
- What is the rent for a 2-bedroom in 88260?
- Typically $980–$1,327 a month, with a best guess of $980. That is 26% below the Lea County Fair Market Rent ($1,327).
- What is the rent for a 1-bedroom in 88260?
- $1,117 a month, the HUD Fair Market Rent for Lea County; there is no ZIP-level figure for 88260.
- What is the rent for a 3-bedroom in 88260?
- Typically $1,263–$1,670 a month, with a best guess of $1,263. That is 24% below the Lea County Fair Market Rent ($1,670).
- What is the rent for a studio in 88260?
- $1,111 a month, the HUD Fair Market Rent for Lea County; there is no ZIP-level figure for 88260.
- What is the rent for a 4-bedroom in 88260?
- $1,823 a month, the HUD Fair Market Rent for Lea County; there is no ZIP-level figure for 88260.
- What is the property tax rate in ZIP 88260?
- Owner-occupied homes in Lea County pay a typical 0.48% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 88260 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).