Housing in Hobbs, New Mexico
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Housing - Updated September, 2011
| Median Home Age | 42.4 | 35.1 |
| Median Home Cost | $77,800 | $175,100 |
| Home Appreciation | -3.96% | -3.15% |
| Homes Owned | 54.78% | 59.90% |
| Housing Vacant | 13.66% | 10.37% |
| Homes Rented | 31.56% | 29.73% |
| Property Tax Rate | $5.19 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 7.20% | 2.65% |
| $20,000 to $39,999 | 13.94% | 3.76% |
| $40,000 to $59,999 | 18.49% | 4.99% |
| $60,000 to $79,999 | 14.82% | 6.01% |
| $80,000 to $99,999 | 12.23% | 7.27% |
| $100,000 to $149,999 | 21.78% | 19.24% |
| $150,000 to $199,999 | 6.57% | 14.67% |
| $200,000 to $299,999 | 3.54% | 18.09% |
| $300,000 to $399,999 | 1.13% | 9.14% |
| $400,000 to $499,999 | 0.10% | 4.94% |
| $500,000 to $749,999 | 0.13% | 5.42% |
| $750,000 to $999,999 | 0.00% | 2.03% |
| $1,000,000 or more | 0.07% | 1.77% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 7.38% | 13.71% |
| 1995 to 1998 | 2.59% | 8.54% |
| 1990 to 1994 | 1.48% | 5.77% |
| 1980 to 1989 | 14.50% | 13.87% |
| 1970 to 1979 | 20.66% | 16.17% |
| 1960 to 1969 | 21.76% | 11.70% |
| 1950 to 1959 | 20.29% | 11.08% |
| 1940 to 1949 | 8.23% | 6.02% |
| 1939 or Earlier | 3.11% | 13.15% |
The median home value in Hobbs, NM, is $77,800. Home appreciation is -3.96% over the last year. The median age of Hobbs, NM, real estate is 42 years.
Hobbs, NM Apartments and Rentals
Renters make up 31.56% of the Hobbs, NM, population. 13.66% of houses and apartments in Hobbs, NM, are unoccupied (vacancy rate).
Hobbs Housing SperlingViews
Lousy place to live: Hobbs is the worst place in the U.S. to live. People that live here are snobs and they aren't helpful at all. Forget about getting a job here. If they don't like you,... (read more)Hobbs - Pros/Cons: Pros:
1. Extremely low cost of living and housing for region
2. Affordable place to live
3. Nice physical setting and climate
Cons:
1. Very high crime rate
2.... (read more)Have an opinion about Hobbs? Leave a commentTo See All SperlingViews for Hobbs Click Here
