The above shows an overview of the real estate market in Hobbs, NM. Note how the median home price for Hobbs, NM runs $116,300, which is 28% lower than the average property price for New Mexico. So you’re going to get real estate in Hobbs, NM that is on-average more affordable than what you’ll find in the rest of New Mexico. As for rent, the median for Hobbs, NM runs $832, which is comparatively 5% higher than the average rent for New Mexico. For Hobbs, NM, about 64.0% of the population consist of home owners with about 3.1 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Hobbs, NM offers a wide variety of real estate. To find your perfect home in Hobbs, NM, filter your choice by price, location, and number of beds and baths using the search area above.