What is the median home price in Hobbs, NM?

The median home value in Hobbs, NM is approximately $180,700, with median rent around $1,132/mo (U.S. Census ACS). Hobbs is in Lea County.

What is the cost of living like in Hobbs, NM?

Hobbs has a median household income near $65,691 against a median home value of $180,700 and median rent of $1,132/mo. New Mexico's state income tax is 1.5-5.9% and effective property tax runs around 0.67%.

Can I use Remote Prop View in Hobbs, NM?

Yes. Remote Prop View's market data, demographics, and scam-aware research tools work nationwide. Our deep property search, comparable sales, and TruReport verification packet currently focus on the Dallas-Fort Worth, TX metro.

Hobbs, NM Real Estate

Hobbs is a city in Lea County, New Mexico with a population of about 39,887. The median home value is near $180,700, and median rent runs around $1,132/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value

$180,700

Median Rent

$1,132/mo

Population

39,887

Median Income

$65,691

Median Age

31.7

Homeownership

62.8%

Monthly payment on a median Hobbs home

Example for a $180,700 home: 20% down, 30-yr at ~6.75%, NM property tax ~0.67%, 0.4% insurance.

Est. monthly (PITI)

$1,099

Principal & interest

$938

Property tax / mo

$101

Down payment (20%)

$36,140

Hobbs at a glance

10.1% of residents 25+ hold a bachelor's degree or higher.
62.8% of occupied homes are owner-occupied.
Median household income is $65,691.
Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other New Mexico cities

Albuquerque →Las Cruces →Rio Rancho →Santa Fe →Roswell →Farmington →

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