market report · 88242

Hobbs, NM · 88242

10 active listings$417,500 median ask$2,892 est. rent0.7% price/rent

$417,500

Median list price

$2,892/mo

Estimated rent

0.7%

Price / rent ratio

Listings

FHFA home price index · 2016–2025

55.3% cumulative change over the window. Source: FHFA ZIP-level HPI.

$1.13

Median rent / sqft

8 comps

$176.36

Median sold / sqft

8 comps

—

Walkability

4.1%

Area unemployment

BLS LAUS

Median household income $90,000 · median home value $260,200 · ACS 2024.

Natural-hazard risk Relatively High (FEMA NRI score 94).

2 schools within ~4 km of the ZIP centroid.

950 W DE Baca St, Hobbs, NM 88242

Hobbs, NM

1600 W Kansas St, Hobbs, NM 88242

Hobbs, NM

6436 N Meadowlands Dr, Hobbs, NM 88242

Hobbs, NM

418 W Martin St, Hobbs, NM 88242

Hobbs, NM

7422 N Rolling Meadows Dr, Hobbs, NM 88242

Hobbs, NM

1810 W Millen Dr, Hobbs, NM 88242

Hobbs, NM