Home values, rents and more in the Hobbs metro area
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Hobbs metro in ProMap- Under $120k
- $120k–$160k
- $160k–$200k
- $200k–$250k
- $250k+
- No data
How the Hobbs metro compares
The typical home in the Hobbs metro area is worth about $197,000, according to the Zillow Home Value Index for September 2026. Home values in the Hobbs metro are 38% below the typical value in New Mexico ($316,000) and 46% below the U.S. typical value ($366,000).
Over the past year, home values in the Hobbs metro rose 3.0%, compared with +1.7% in New Mexico and +1.2% nationally.
Typical rent is $1,469 a month (Zillow Observed Rent Index), 7% below New Mexico ($1,584) and 24% below the U.S. ($1,932). Rents rose 9.4% over the past year.
The median household income is $68,015, against $64,059 in New Mexico and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 74,749 people live in the Hobbs metro (Census Bureau estimate for July 2025).
The Hobbs metro has the 237th-lowest typical home value of the 923 metro areas in the United States and the 5th-lowest of 17 in New Mexico with Zillow figures.
Part of: New Mexico
More for the Hobbs metro 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
- Zillow 12-month price forecast
- School test scores
- Flood, wildfire and natural hazard risk
- Property-tax rate
- Unemployment and job growth
- Building permits
- Mortgage delinquency
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby metro areas
Counties in the Hobbs metro
Cities in the Hobbs metro
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.