Lea County, NM

2024 Fair Market Rents

Tags: 2024 40th percentile New Mexico

Return to the state page to see where New Mexico ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Lea County are Hobbs, Lovington, Eunice, and Jal. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Lea County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Lea County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Lea County compare?

Lea County ($1,168) has a 18.1% higher FMR for 2-Bedroom housing than the average of New Mexico ($989) and therefore a higher gross rent.

Lea County is rank 7th out of 33 counties. This means the FMRs, or in other words, the gross rent is higher than 26 other counties. Lea County is the 7th most expensive county in terms of FMRs.

Rent Tables Lea County, NM

Fair Market Rent (40th Percentile)

$801
studio
$889
1-Bedroom
$1,168
2-Bedroom
$1,487
3-Bedroom
$1,642
4-Bedroom

Median Rent (50th Percentile)

$844
studio
$937
1-Bedroom
$1,231
2-Bedroom
$1,567
3-Bedroom
$1,730
4-Bedroom

Fair Market Rents on this page apply to the following cities in Lea County, New Mexico: Hobbs, Lovington, Eunice, Jal, Tatum, Crossroads, Caprock, Mcdonald, Maljamar, and Monument.

These Fair Market Rents also apply to the following ZIP codes in Lea County, New Mexico: 88240, 88260, 88242, 88241, 88231, 88252, 88267, 88114, 88213, 88262, 88264, and 88265.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.