Home values, rents and more in Hobbs, NM
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Hobbs in ProMap- Under $220k
- $220k–$250k
- $250k–$270k
- $270k–$280k
- $280k+
- No data
How Hobbs compares
The typical home in Hobbs, NM is worth about $211,000, according to the Zillow Home Value Index for September 2026. Home values in Hobbs are 8% above the typical value in the Hobbs metro area ($197,000) and 42% below the U.S. typical value ($366,000).
Over the past year, home values in Hobbs rose 3.6%, compared with +3.0% in the Hobbs metro area and +1.2% nationally.
Typical rent is $1,484 a month (Zillow Observed Rent Index), about the same as the Hobbs metro area ($1,469) and 23% below the U.S. ($1,932). Rents rose 9.9% over the past year.
The median household income is $64,021, against $68,015 in the Hobbs metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 40,252 people live in Hobbs (American Community Survey 2020–24).
Hobbs has the highest typical home value of the 4 cities in the Hobbs metro area and the 32nd-lowest of 106 in New Mexico with Zillow figures.
Part of: Lea County, NM · Hobbs metro area · New Mexico
More for Hobbs in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Hobbs, NM
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.