88260, Lovington, NM

The zip code 88260 in Lovington, New Mexico has a median home value of $119,000. The home equity for this zip code is $27,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price in this zip code has increased by 9% over the past year.

Lovington is a small town located in southeastern New Mexico. It is surrounded by large agricultural and ranching areas and has a population of just over 2,000 people. The economy of Lovington is based largely on agriculture and ranching with some light industrialization. The unemployment rate in Lovington was 4% as of May 2016 which is lower than the national average unemployment rate of 5%.

The housing market in Lovington is stable and there are few signs that it will experience any major changes soon. This stability may be due to several factors including low unemployment rates, strong economic growth prospects for southeastern New Mexico, and limited competition from other nearby communities. In addition to these positive factors, there are also some mitigating factors at work such as low interest rates and steady demand for housing from local residents.