Housing · Hobbs

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.

The market right now

Hobbs at a glance

Typical home value
$217K
▲ 3.8% in a year · Zillow
Median sale price
$280K
May 2026 · Redfin
Days on market
7
New Mexico: 53 days
Homes sold
28
in May · 35 for sale
Market temperature

A strong seller's market

Buyer's marketBalancedSeller's market

Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.

Ten-year trend

Typical home value, 2016–2026

HobbsNew Mexico
$175K$200K$225K$250K$275K$300K$325K 20182020202220242026 Hobbs $217K New Mexico $318K
Show as a table
JanuaryHobbsNew 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
Next door

Hobbs and its neighbors

The towns that share a border. Tap one to see its housing page.
TownTypical value1-yr changeDays on marketMedian income
Hobbs $217K +3.8% 7 $64,021
North Hobbs — — — $82,554
Affordability

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.

The homes

Owners, rent & taxes

Homeownership
66%
New Mexico: 70%
Median tax bill
$954
New Mexico: $1,731
Median rent
$1,112
New Mexico: $1,067
Typical home built
1980
New Mexico: 1985

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.

You’re browsing

Hobbs

New Mexico · NM
View town boundary →
Township / city / CDP overlaps possible.
Loading boundary…

Hobbs is your selected town. The feed includes posts assigned to this town, not a distance radius or ZIP code.

Neighborhoods narrow the feed further, while townwide announcements, events, and issues remain visible.

Boundary source: https://tigerweb.geo.census.gov/arcgis/rest/services/TIGERweb/Places_CouSub_ConCity_SubMCD/MapServer/18 · 2025-01-01