All Countries
Hobbs, NM
Full City Profile · New Mexico · Lea County County
2.9
/5.0
C+
Fair
39,887
Population
1,510/sq mi density
$65,691
Median Income
$33,083 per capita
$180,700
Home Value
$209,664 Zillow
$1,132
Median Rent
27.7% income on rent
62°F
Avg Temperature
330 sunny days/yr
673
Violent Crime/100K
4,329 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$65,691 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$180,700 home value, $1,132/mo rent
F
Safety
1.0 / 5.0
673 violent crimes/100K (77% above avg)
C
Education
2.3 / 5.0
16.6% bachelor's degree or higher
Housing Overview
Median Home Value
$180,700
36% below
US avg: $281,900
Median Rent
$1,132/mo
3% below
US avg: $1,163/mo
Homeownership Rate
62.8%
4% below US avg (65.4%)
Total Housing Units
15,280
Median year built: 1974
Home Value by Source
Census Median
$180,700
Zillow (ZHVI)
$209,664
Median Sale Price
$240,000
Median List Price
$265,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.8%
Owner-Occupied
37.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$828/mo
1 Bedroom
$927/mo
2 Bedroom
$1,129/mo
3 Bedroom
$1,496/mo
4 Bedroom
$1,758/mo
Census median rent:
$1,132/mo
· Zillow rent:
$1,381/mo
Market Indicators (Redfin)
Median Days on Market
18 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
25
Price Drops
30.0%
of listings with price reduction
Price Per Sq Ft
$160
Active Inventory
40
homes for sale
Affordability & Housing Stock
Rent Burden
27.7%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
62.8%
Complete Housing Data
Home Values
| Census Median Value | $180,700 |
| Zillow Home Value (ZHVI) | $209,664 |
| Median Sale Price | $240,000 |
| Median List Price | $265,000 |
| Price Per Sq Ft | $160 |
Rent
| Census Median Rent | $1,132 |
| Zillow Rent (ZORI) | $1,381 |
| FMR Studio | $828 |
| FMR 1-Bedroom | $927 |
| FMR 2-Bedroom | $1,129 |
| FMR 3-Bedroom | $1,496 |
| FMR 4-Bedroom | $1,758 |
Market
| Days on Market | 18 |
| Sale-to-List Ratio | 0.0% |
| Price Drops | 30.0% |
| Homes Sold | 25 |
| Active Inventory | 40 |
| Price Per Sq Ft | $160 |
Ownership & Stock
| Owner-Occupied | 62.8% |
| Renter-Occupied | 37.2% |
| Homeownership Rate | 62.8% |
| Total Housing Units | 15,280 |
| Median Year Built | 1974 |
| Rent Burden | 27.7% |