Land Market Insights and Pricing in Lea County, New Mexico

Lea County, New Mexico, offers vast expanses of land with diverse potential, spanning 4,394 square miles in the southeastern corner of the state. The terrain transitions from flat plains in the central and southern areas to more rugged elevations near the Guadalupe Mountains in the west. Situated above the Permian Basin, the county presents opportunities for mineral rights and oil extraction, while also featuring agricultural lands around major hubs like Hobbs and Lovington. With a low population density of 14.7 inhabitants per square mile, Lea County provides ample space for development or conservation. The area's economy is significantly influenced by agriculture, forestry, and mining, accounting for 17.9% of employment. Property taxes at 0.47% are notably below the national average, enhancing the appeal for land investors. However, potential buyers should consider the county's very low resilience to natural disasters, as assessed by FEMA.