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market report · 88240
Hobbs, NM · 88240
40 active listings$299,475 median ask$2,593 est. rent0.9% price/rent
$299,475
Median list price
$2,593/mo
Estimated rent
0.9%
Price / rent ratio
40
Listings
FHFA home price index · 2016–2025
50.7% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.36
Median rent / sqft
34 comps
$150.55
Median sold / sqft
34 comps
—
Walkability
4.1%
Area unemployment
BLS LAUS
Median household income $63,270 · median home value $186,900 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 95).
16 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
1418 N Denson Dr, Hobbs, NM 88240
Hobbs, NM
$100,000$2,105/mo2.1%
1827 N Steven Dr, Hobbs, NM 88240
Hobbs, NM
$130,000$2,224/mo1.7%
1615 E Skelly St, Hobbs, NM 88240
Hobbs, NM
$120,000$1,717/mo1.4%
203 Temple Ave, Hobbs, NM 88240
Hobbs, NM
$144,000$2,027/mo1.4%
1615 Turner St, Hobbs, NM 88240
Hobbs, NM
$175,000$2,256/mo1.3%
1502 N Pennington Dr, Hobbs, NM 88240
Hobbs, NM
$150,000$1,880/mo1.3%