Home Insurance in Tatum, New Mexico
Homes in Tatum carry a median value of $111,200 - 40% lower than the Lea County median.
The typical home in Tatum was built around 1961. About 49% of homes were built before 1960, about 28 points above Lea County's 21%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Tatum, the housing stock is 71% single-family homes and 27% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
28% of owner-occupied homes in Tatum carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Tatum has an owner-occupancy rate of 75% and a vacancy rate of 16%; unoccupied homes typically need a different coverage form.
In Tatum, 49% of homes are primarily heated with electricity.
Lea County's top FEMA-rated hazard is wildfire (Relatively High), per FEMA's National Risk Index. 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.
In New Mexico, the statewide average premium for a standard HO-3 homeowners policy is $1,490 per year (NAIC, 2023 data).
Key figures
| Median home value | $111,200 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 28% |
| 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)