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NM area data

Hobbs, NM

Aggregated across 2 ZIP codes in Hobbs.

Population: 42,662 (Census ACS)

The median home value in Hobbs, NM is $201,691 — up 3.8% over the past year. Homes sell for a median $223,750 after a median 34 days on market. Typical rent runs $1,307/month. 19 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with hail, lightning, wildfire the top-rated hazards. Cost of living is 7.7% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$201,691

Median home value

+3.8%

1-year change

34

Median days on market

Relatively Moderate

Hazard risk (county)

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 (state)
406.5 (+0.8% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$223,750
Median price per sqft
$156
1-year sale-price change
+31.6%
Median days on market
34 days
Homes sold (recent period)
6
For-sale inventory
72
1-year forecast
-4.8%
Days to pending
19 days
New listings (monthly)
26

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,307/mo
1-year rent change
+6.7%
Studio fair-market rent
$882/mo
1BR fair-market rent
$1,103/mo
2BR fair-market rent
$1,319/mo
3BR fair-market rent
$1,715/mo
4BR fair-market rent
$1,979/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

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%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
19
Elementary schools
13
Middle schools
3
High schools
2
School districts serving the area
HOBBS MUNICIPAL SCHOOLS, NM CORRECTIONS
Schools include
BROADMOOR ELEMENTARY, CORONADO ELEMENTARY, EDISON ELEMENTARY, HOBBS FRESHMAN HIGH, HIGHLAND MIDDLE SCHOOL

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
hail, lightning, wildfire, winterWeather, coldWave
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Moderate · hail: Relatively High · heatWave: Relatively Low · iceStorm: Relatively Moderate · inlandFlooding: Relatively Moderate
Wildfire risk to homes (county)
Higher than 93% of US counties
Buildings in wildfire direct-exposure zone
37.8%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
14.1 in
USDA plant hardiness zone
8a (extreme annual low 10 to 15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
245
Days with Moderate air quality
113
Highest AQI recorded (year)
142

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
4.8 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
8,652
Jobs reachable by transit (45 min)
6,804

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
10
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
Hospitals include
COVENANT HEALTH HOBBS HOSPITAL, NOR-LEA HOSPITAL DISTRICT, YOAKUM COUNTY HOSPITAL
Avg hospital rating (CMS)
3.0 / 5
Best hospital rating nearby (CMS)
3.0 / 5
Solar radiation rating
Excellent (5.6 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-387 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,980
Housing built before 1970
35.9%
Housing built 2000 or later
25.8%
Median annual property tax
$908
Mean commute to work
23 min
Households with broadband internet
69.6%

Source: Census ACS 5-year estimates (ZIP-level)

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

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

HobbsState medianUS median
Median home value$201,691$276,184$289,727
Median sale price$223,750$325,000$325,000
Median days on market34 days90 days51 days
Typical rent$1,307/mo$1,508/mo$1,808/mo
Median annual property tax$908$929$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Hobbs, NM?
$201,691.
What is the median sale price in Hobbs, NM?
$223,750.
How long do homes take to sell in Hobbs, NM?
Median days on market: 34 days.
What is typical rent in Hobbs, NM?
Typical rent: $1,307/month.
What is the natural-hazard risk in Hobbs, NM?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: hail, lightning, wildfire, winterWeather, coldWave.
What is the wildfire risk in Hobbs, NM?
Risk to homes is higher than 93% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Hobbs, NM?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Hobbs, NM?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Hobbs, NM?
19 schools (13 elementary, 3 middle, 2 high) (NCES, 2022-23).
Is Hobbs, NM walkable?
Walkability index: 4.8/20 (EPA Smart Location Database).
What is the air quality in Hobbs, NM?
Good. Median AQI: 45. (EPA AQI).
What is the cost of living in Hobbs, NM?
Regional Price Parity: 92.3 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP codes in Hobbs

Selling a home in Hobbs, NM?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents