Hobbs, NM housing market
The typical Hobbs home is worth about $217,000, up 3.8% in a year, 32% below the New Mexico typical home. Homes typically sell in 7 days.
Home values, sales, trends and how Hobbs compares with the towns next door — updated as new data is published.
Hobbs at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Hobbs | New Mexico |
|---|---|---|
| 2017 | $212,000 | $178,000 |
| 2018 | $216,000 | $184,000 |
| 2019 | $221,000 | $193,000 |
| 2020 | $238,000 | $205,000 |
| 2021 | $251,000 | $229,000 |
| 2022 | $230,000 | $263,000 |
| 2023 | $216,000 | $287,000 |
| 2024 | $205,000 | $302,000 |
| 2025 | $206,000 | $313,000 |
| 2026 | $212,000 | $315,000 |
| August 2026 | $217,000 | $318,000 |
Hobbs and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Hobbs | $217K | +3.8% | 7 | $64,021 |
| North Hobbs | — | — | — | $82,554 |
3.4 years of income
The typical Hobbs home costs about 3.4 years of the town's median household income, less than across New Mexico (5 years).
How Hobbs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.