Home Insurance in Lovington, New Mexico
Homes in Lovington carry a median value of $166,100 - 10% lower than the Lea County median.
The typical home in Lovington was built around 1971. About 31% of homes were built before 1960, about 10 points above Lea County's 21%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Lovington is 73% single-family homes, 3% apartments in buildings with 5+ units and 21% mobile or manufactured homes.
About 30% of owner-occupied homes in Lovington have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Lovington are owner-occupied.
Most homes in Lovington - 53% - are primarily heated with electricity.
What's the biggest home insurance risk near Lovington? FEMA's National Risk Index points to wildfire (Relatively High) in Lea County and Lea County had 762 active NFIP flood policies as of September 2026. See the full Lea County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Mexico is $1,490 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $166,100 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Lea County | 762 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)