NM area data
Hobbs, NM
Aggregated across 2 ZIP codes in Hobbs.
Population: 42,662 (Census ACS)
Home values & appreciation
- Median home value
- $201,691
- 1-year appreciation
- +3.8%
- 3-year appreciation
- +1.9%
- 5-year appreciation
- -12.4%
- 10-year appreciation
- -2.8%
- All-time peak (2021-02)
- $241,221
- House Price Index
- 406.5 (+0.8% YoY)
Market activity
- Median sale price
- $223,750
- Median days on market
- 34 days
- 1-year forecast
- -4.8%
- Days to pending
- 19 days
- New listings (monthly)
- 26
Rents
- Typical rent
- $1,307/mo
- 1-year rent change
- +6.7%
- 1BR fair-market rent
- $1,103/mo
- 3BR fair-market rent
- $1,715/mo
Affordability
- Cost of living index (Below Average)
- 92.3 (100 = US avg)
- Electricity rate (state-level)
- 15.1¢/kWh
- Natural gas rate (state-level)
- $9.80/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 19
- Elementary schools
- 13
- Middle schools
- 3
- High schools
- 2
Natural hazards & flood risk
- Overall hazard risk
- Relatively Moderate
- Top hazards
- hail, lightning, wildfire, winterWeather, coldWave
Climate (30-year normals)
- Annual precipitation
- 14.1 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 45
- Days with Good air quality
- 245
Walkability & transit
- Walkability index
- 4.8 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Lea County-Zip Franklin Memorial Airport (12 mi)
- Nearest major airport
- Lea County Regional Airport (HOB) (14 mi)
- Hospitals nearby (~15 mi)
- 2
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Excellent (5.6 kWh/m²/day)
Migration
- Net migration
- -387 tax filers
Housing stock
- Median year housing built
- 1,980
- Median annual property tax
- $908
- Mean commute to work
- 23 min
- Households with broadband internet
- 69.6%
Employment & development
- Total county employment
- 28,186
- Average weekly wage
- $1,299
- Top industries (by employment)
- Mining, Accommodation & Food, Construction
- Annual residential building permits (county)
- 144
Area data compiled from public government, academic, and industry research feeds. Data sources →
ZIP codes in Hobbs
Data last updated
Most recent source refresh: Aug 2026. See all data sources →