Hobbs, NM Housing Statistics

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A+

20%

Med. Home Val. NAT. AVG.

5%

Rent NAT. AVG.

6%

Owner Occ. NAT. AVG.

Hobbs Housing Information

Index	Hobbs	New Mexico	National
Median home price	$261,582	$283,484	$326,622
Median rent asked	$1,373	$1,180	$1,444
Avg. people per household	2.9	2.7	2.6
Owner occupied households	60.1%	67.8%	63.6%
Renter occupied households	39.9%	32.2%	36.4%

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Homes For Sale In Hobbs, NM

515 E Aspen St

Hobbs, NM

4705 N Homestretch Rd

Hobbs, NM

TBD W Gypsy St

Hobbs, NM

6804 N Grimes St

Hobbs, NM

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Housing Quick Facts

The median home price in Hobbs is 20% lower than the national average.
The median rent asked in Hobbs is 5% lower than the national average.
The average number of people per household in Hobbs is 11% higher than the national average.
The number of owner occupied households in Hobbs is 6% lower than the national average.
The number of renter occupied households in Hobbs is 10% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Monument, NM	78	$276,599	15%
North Hobbs, NM	5,997	$328,440	1%
Nadine, NM	241	$338,007	3%
Hobbs, NM	39,472	$261,582	20%

Cities with similar population

	Population	Home Price	National Avg.
Lynnwood, WA	39,454	$782,598	140%
Florence, SC	39,448	$281,536	14%
Hot Springs, AR	39,496	$226,000	31%
Pahrump, NV	39,506	$328,830	1%
Brookfield, WI	39,415	$593,334	82%
Hobbs, NM	39,472	$261,582	20%

Source: The Hobbs, NM housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.