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North Hobbs, NM
Full City Profile · New Mexico · Lea County County
3.0
/5.0
B
Good
6,099
Population
235/sq mi density
$89,279
Median Income
$34,610 per capita
$233,200
Home Value
$209,664 Zillow
$1,109
Median Rent
35.9% income on rent
62°F
Avg Temperature
330 sunny days/yr
673
Violent Crime/100K
4,329 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$89,279 median income, 5.7% unemployment
A+
Affordability
5.0 / 5.0
$233,200 home value, $1,109/mo rent
F
Safety
1.0 / 5.0
673 violent crimes/100K (77% above avg)
D
Education
1.9 / 5.0
11.5% bachelor's degree or higher
Housing Overview
Median Home Value
$233,200
17% below
US avg: $281,900
Median Rent
$1,109/mo
5% below
US avg: $1,163/mo
Homeownership Rate
88.2%
35% above US avg (65.4%)
Total Housing Units
2,178
Median year built: 1987
Home Value by Source
Census Median
$233,200
Zillow (ZHVI)
$209,664
Median Sale Price
$499,900
Median List Price
$270,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.2%
Owner-Occupied
11.8%
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:
$1,109/mo
Market Indicators (Redfin)
Median Days on Market
58 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$205
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
35.9%
of renters spending 30%+ of income on housing
16% above US avg (31.0%)
Median Year Built
1987
Average age of housing stock: 39 years
Homeownership Rate
88.2%
Complete Housing Data
Home Values
| Census Median Value | $233,200 |
| Zillow Home Value (ZHVI) | $209,664 |
| Median Sale Price | $499,900 |
| Median List Price | $270,000 |
| Price Per Sq Ft | $205 |
Rent
| Census Median Rent | $1,109 |
| 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 | 58 |
| Sale-to-List Ratio | 0.0% |
| Price Drops | 0.0% |
| Homes Sold | 3 |
| Active Inventory | 1 |
| Price Per Sq Ft | $205 |
Ownership & Stock
| Owner-Occupied | 88.2% |
| Renter-Occupied | 11.8% |
| Homeownership Rate | 88.2% |
| Total Housing Units | 2,178 |
| Median Year Built | 1987 |
| Rent Burden | 35.9% |