Tatum, NM Real Estate
Lea County · Southeast NM
Tatum, New Mexico Real Estate
Tatum is a small community in northern Lea County near the Roosevelt County line, at an elevation of approximately 3,900 feet on the southern Llano Estacado. The 2020 U.S. Census recorded a population of 747. Tatum Municipal Schools serves the local student population. The community straddles the boundary between the oil-producing Permian Basin economy of Lea County and the agricultural plains economy of Roosevelt County, giving it a mixed rural character. Cattle ranching and oil-field related activities support the local economy.
Real Estate Overview
Tatum offers extremely affordable residential real estate in a remote plains setting. Homes in the community are modestly priced, and surrounding land tracts offer agricultural and ranching opportunities. The community's small size means very limited active inventory at any given time. Buyers seeking low-cost rural New Mexico real estate in the northern Permian Basin area will find Tatum an accessible market, with Hobbs and Lovington accessible within 40 to 50 miles to the south.