Rent to own Homes in Lovington, NM

Lovington, NM is a great place for affordable rent-to-own homes! With a median household income of over $60,401 and a median rent of $808, the Lovington, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lovington, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Lovington, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 145
5 N GREYHOUND PL
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
3
2
1295 ft2
1980
1 of 14 1509 CAMINO REAL
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
3
2
1775 ft2
1818
1 of 16 1335 W TAOS ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
3
2
2033 ft2
1978
New
610 W SILVER DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
3
2
2081 ft2
1965
401 E ZIA DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
4
4
5108 ft2
1980
2506 N GREEN VALLEY TRL
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
3
3
2034 ft2
2008
330 E Nadine Rd
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
3
2
1 ft2
1994
701 W AVENUE H
Rent To Own
 
Single Family Home
Lovington, NM 88260
3
2
2395 ft2
1951
Hot
7220 N LOVINGTON HWY
Rent To Own
 
Single Family Home
Hobbs, NM 88240
3
2
1280 ft2
1986
5012 W BIG RED RD
Rent To Own
 
Single Family Home
Hobbs, NM 88240
4
3
2400 ft2
2015
3108/3422 N Dal Paso St
Rent To Own
 
Single Family Home
Hobbs, NM 88240
2
1
1236 ft2
1965
1 of 8 322 S CONTINENTAL DR
Rent To Own
 
Single Family Home
Hobbs, NM 88240
3
2
0 ft2
3206-3209 4232nd
Rent To Own
 
Single Family Home
Hobbs, NM 88240
4
2
2096 ft2
1977
1 of 14 1412 S PERRY DR
Auction
 
Single Family Home
Hobbs, NM 88240
3
1
1100 ft2
1960
2587 PR 300A
REO Foreclosure
 
Single Family Home
Seminole, TX 79360
4
2
1568 ft2
2021
414 W AVENUE D
Rent To Own
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
1 of 3 3800 W CARLSBAD HWY
Rent To Own
 
Single Family Home
Hobbs, NM 88240
0
3
0 ft2
1513 W TYLER AVE
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
1990
20 W MESQUITE ST
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
New
421 W VAN BUREN AVE
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
1315 E MONROE AVE
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
301 W VAN BUREN AVE
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
2931 MAWPAT DR
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
New
3226 E ANDERSON DR
Rent to Own Eligible
 
Single Family Home
Lovington, NM 88260
0
0
0 ft2
1 of 18 2604 W PINSON ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
3087 ft2
1994
New
5012 W DARK HORSE RD
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
New
8413 N PLAINFIELD DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
7404 N BUTLER DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
Hot
901 W ILLINOIS ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
1 of 47 1709 W TUMBLEWEED DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
1978
1 of 2 5126 N JA ROB LN
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
1984
1507 W EL CENTRO
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
4121 N CORTEZ ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
923 E SANTA FE ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88242
0
0
0 ft2
New
1000 W COAL AVE
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
917 W LEAD AVE
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
2808 N NORTHACRES DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
1 of 68 426 W COAL AVE
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
2
0 ft2
New
427 W GOLD AVE
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
2
0 ft2
1977
1 of 16 414 W SAINT ANNE PL
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
2
0 ft2
1966
3006 MONTGOMERY ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
2100 N ADOBE DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
1987
209 E BERRY DR
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
1954
1 of 5 205 W SANGER ST
Rent to Own Eligible
 
Single Family Home
Hobbs, NM 88240
0
0
0 ft2
1982
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Buying a Home in Lovington, NM

Lovington, NM is seeing rapid growth and Lovington, NM's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Lovington, NM is part of Lea county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lea is 0.44% which is below the national average, which is 0.99%.

Median Home Price in Lovington, NM

Median Rent in Lovington, NM

Rent to own homes offer low monthly payments and flexible terms.