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2025 Compare Cities Housing:
Hobbs, NM vs Elk City, OK

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Highlights
- The median age of a home in Hobbs is 18.8% older than the median age of a home in Elk City.
 Hobbs, NMElk City, OKUnited States
 Median Home Age48  Unlock42
 Median Home Cost  Unlock$146,100$338,100
 Home Appr. Last 12 months6.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock45.0%57.0%
 Home Appr. Last 10 yrs.51.7%  Unlock101.1%
 Property Tax Rate  Unlock$9.4$11.0
 Homes Owned53.6%  Unlock57.4%
 Housing Vacant  Unlock21.3%11.2%
 Homes Rented34.2%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Hobbs, NMElk City, OKUnited States
 Average Rent  Unlock$1,000$1,840
 Studio Apartment$710  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$620$1,180
 2 Bedroom Home or Apartment$1,050  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,010$1,860
 4 Bedroom Home or Apartment$1,510  Unlock$2,160
 space1
 Vacant Housing
 Hobbs, NMElk City, OKUnited States
 Vacant For Rent  Unlock9.0%1.9%
 Vacant Rented0.5%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.7%  Unlock0.4%
 Vacant Vacation  Unlock0.8%3.6%
 Vacant Other5.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Hobbs, NMElk City, OKUnited States
 Less Than $20,000  Unlock3.1%2.6%
 $20,000 to $39,9992.4%  Unlock2.4%
 $40,000 to $59,999  Unlock5.8%2.8%
 $60,000 to $79,9998.7%  Unlock3.9%
 $80,000 to $99,999  Unlock12.3%4.5%
 $100,000 to $149,99922.0%  Unlock11.3%
 $150,000 to $199,999  Unlock20.3%13.0%
 $200,000 to $299,99916.0%  Unlock20.1%
 $300,000 to $399,999  Unlock2.4%13.6%
 $400,000 to $499,9990.7%  Unlock8.3%
 $500,000 to $749,999  Unlock0.4%9.7%
 $750,000 to $999,9990.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.5%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Hobbs, NMElk City, OKUnited States
 2015 and Newer0.6%  Unlock0.2%
 2010 to 2014  Unlock9.4%13.6%
 2000 to 20097.0%  Unlock13.6%
 1990 to 1999  Unlock7.7%13.6%
 1980 to 198911.1%  Unlock13.2%
 1970 to 1979  Unlock15.0%14.8%
 1960 to 19694.7%  Unlock13.6%
 1950 to 1959  Unlock12.3%10.0%
 1940 to 19494.5%  Unlock4.7%
 1939 or Earlier  Unlock5.2%12.2%
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Reviews for Hobbs    3 Reviews
Ross · Hobbs, NM
Hobbs, New Mexico
Over 10 years ago

Hobbs, New Mexico is a growing city on the eastern edge of the New Mexico- texas border. The people are friendly and hard working. The school system is in the top tier  More

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Karen · Hobbs, NM
Lousy place to live
Over 15 years ago

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,  More

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Clint · Barry, IL
Hobbs - Pros/Cons
Over 17 years ago

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.  More

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Reviews for Elk City    1 Reviews
Oklahoma · Elk City, OK
Climate
Over 15 years ago

Elk City has very friendly people! The climate is very good. Not exceptionally cold in the winter. Very little snow. Summers can be hot but not a lot of days of  More

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Learn More About Hobbs, New Mexico
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Learn More About Elk City, Oklahoma
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