Interested in purchasing investment houses in the 88260 zip code in Lovington, NM?
The zip code 88260 is in Lea county with a latitude of -103.399120000000 and longitude of 32.991490000000, is in the state of New Mexico. The average asking price of houses and condos is $642,000.00 and the average sale price was $66,830.00. this regions is classified as the Albuquerque - Santa Fe metro area and is in the 575 area code. The location in degrees is 32° 59' 29.364" N, 103° 23' 56.832" W. The county F.I.P.S. is 35025. The total land area is 755.9 square miles and the water area is 1.3 square miles. The elevation in this area is 3478 - 4374 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 88260 is in county number 025 and is L. Sector 00, L. Segment 01, H. Sector 08, and H. Segment 08. The population was 15,031 in 2019 and 14,343 in 2010. Of this, the break down in 2019 was 11,887 urban and 3,143 rural. This further breaks down to 7,443 males (49.5%) and 7,587 females (50.5%). The median age of residents is 31.5 years. The population of the greater Hobbs, NM area is 60,926. The population density (people per square mile) is 20. This zip code has a combined total of 5,501 houses and condos. There are 1,309 rented appartments. 28% of residents rent versus the 28% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $59,479 and the average salary is $49,369. The median household income of individuals is $34,291.00 and the average is $68,050.00. This zip code has a mean commute time to work of 25.6 minutes. The unemployment rate is 5.4%. Income earners by percent breakdown as 67.60% (Under $50,000), 25.20% ($50,000-$100,000), and 7.10% earn over $100,000. 13.7% of residents live below poverty line versus the 18.2% in the state that are below this line. The cost of living index is 82.6. The educational breakdown is 67.9% have a high school education or higher, 9.5% have a bachelor's degree or higher, and 3.8% have some kind of profesional degree.
This area has 4,735 households and the average size is 3.1 people. Individuals who are single and have never been married are 27.5%, 53.2% are now married, 3.1% are separated, 5.4% are widowed, and 10.9% are divorced. The average yearly contribution amount given by people to charity was $7,097 versus the state average of $4,195. The percent of residents who gave to charity was 13.0%.
The estimated median value of houses and condos is $134,901. The median monthly owner costs of mortgage holders was $1,158, where as the costs for those who don't have a mortgage are $347. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 0.4% which equated to an average real estate tax amount payment of $557. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,403. The median housing property tax percent for residents with mortgages was 0.5% which amounted to an average tax amount of $779. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.4% which amounted to an average tax amount of $500. Reported taxable interest for persons was $1,311, dividends $4,280, capital gains +$17,578, and itemized deductions $24,206. The average earned income tax credit is $2,455. The percent of individuals that use a tax preparer is 68.5%. The total average income taxes paid by individuals was $6,012. Businesses reported an average profit of $27,099.
Pioneer Steak House
2510 S Main Ave, Lovington, NM 88260
Ranch House Restaurant
1318 S Main Ave, Lovington, NM 88260
Wing Street
602 S Main Ave, Lovington, NM 88260
The Lazy 6
102 S 1st St, Lovington, NM 88260
Jessica Restaurant
501 E Washington Ave, Lovington, NM 88260
Pearls Restaurant
318 S Love St, Lovington, NM 88260
Baja Grill
1718 S Main Ave, Lovington, NM 88260
Rancho Grande
218 S 1st St, Lovington, NM 88260
Cornerstone Coffeehouse
111 N Main Ave, Lovington, NM 88260
Tortilleria Blanco
601 N Main Ave, Lovington, NM 88260
Burritos Navarrete
104 S 8th St, Lovington, NM 88260
El Rincon De La Abuela
117 N 8th St, Lovington, NM 88260
Nani's Corner
117 N 8th St, Lovington, NM 88260
Taqueria Jalisco
928 W Avenue D, Lovington, NM 88260
Taquito Movil
201 N 17th St, Lovington, NM 88260
Sara's Place
1124 S Main Ave, Lovington, NM 88260
La Tortilla Express
400 N Main Ave, Lovington, NM 88260
Panada Buffet
315 S Main Ave, Lovington, NM 88260
China Star
914 S Main Ave, Lovington, NM 88260
Tortilleria Robles
614 W Avenue D, Lovington, NM 88260
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