Commercial Real Estate Market in Lovington, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
31 active listings and 139 off-market properties in Lovington, NM.
Market Trends
Lovington, NM spans 814.9 square miles in Lea County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lovington, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Lovington, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Lovington, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Lovington, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 54.8%
- Residential 22.8%
- Commercial 19.2%
Largest Zones share of zoned land by district
Industrial
Commercial
Single Family Residential
Multifamily Residential
Economic
Lovington, NM zones 6,491 acres across 5 districts. Commercial zoning covers 19.2% of zoned land, residential 22.8% and industrial 54.8%. The largest single district is Industrial at 54.8%. For commercial buyers the practical constraint is that only 74% of land carries a commercial or industrial designation.
Industrial (ZONE-D)
Zone D Any building or premises may be used for any purpose not in conflict with any ordinance of the city regulating nuisances. With the exception of mobile home parks, mobile and manufactured homes are not permitted by right in any zone. To site one of these homes the owner must receive approval from the City. This may be accomplished by following the proc…
Market overview
Demographics & Economy
Lovington, NM has 15,569 residents in 5,474 households. Density runs 19 people per square mile. Median household income here is $75,197 and median gross rent $1,081 a month.
15,569
Population
5,474
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
75%
High-School Grad
814.9 sq mi
ZIP Area
19
Density / Sq Mi
$75,197
Median Household Income
$40,356
Median Earnings
$1,081
Median Rent
$174,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Lovington?
Commercial property in Lovington, NM asks an average of $459 per square foot.
What zoning applies to commercial property in Lovington?
Lovington, NM zones 6,491 acres across 5 districts, of which 19.2% is commercial and 54.8% industrial. The largest single district is Industrial at 54.8% of zoned land. Zone D Any building or premises may be used for any purpose not in conflict with any ordinance of the city regulating nuisances. With the exception of mobile home parks, mobile and manufactured homes are not permitted by right in any zone. To site one of these homes the owner must receive approval from the City. This may be accomplished by following the proc… Residential zoning covers 22.8% and open space 0%.
Where does Realmo's Lovington market data come from?
Realmo compiles Lovington, NM figures from 31 active sale listings, 139 tracked off-market properties, the current Lovington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 0 active for-lease listings in Lovington, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,491 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
