Hobbs Metro Area, NM Housing

The housing market in the Hobbs, NM Metro Area is thriving. The median value of a house in this area is $149,700, which is significantly lower than the national median value of $338,100. In the past year, houses have appreciated by 9.54%, higher than the US housing appreciation rate of 8.27%. This suggests that now is a great time to invest in property in Hobbs, NM Metro Area as it's potential for growth continues to be on an upward trajectory.

The median home cost in Hobbs Metro Area is $149,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Hobbs Metro Area is up 6.2%.

Average Age of Homes

- The median age of Hobbs Metro Area real estate is 44 years old

The Rental Market in Hobbs Metro Area

- Renters make up 25.1% of the Hobbs Metro Area population
- 3.0% of houses and apartments in Hobbs Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hobbs, New Mexico	United States
	27,600.0	139,647,020.0
	48	42
	$149,700	$338,100
	6.2%	16.6%
	33.1%	57.0%
	51.7%	101.1%
	$4.59	$10.98
	$663	$2,690
	59.1%	57.4%
	13.6%	11.2%
	27.3%	31.4%
Vacant Housing
	3.0%	1.9%
	0.2%	0.4%
	0.9%	0.7%
	1.8%	0.4%
	0.7%	3.6%
	7.0%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	4.0%	2.4%
	5.4%	2.8%
	8.2%	3.9%
	9.3%	4.5%
	20.0%	11.3%
	18.6%	13.0%
	19.7%	20.1%
	4.8%	13.6%
	1.0%	8.3%
	3.1%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	7.3%	13.6%
	7.3%	13.6%
	7.3%	13.6%
	12.7%	13.2%
	18.1%	14.8%
	7.3%	13.6%
	19.4%	10.0%
	4.2%	4.7%
	3.1%	12.2%

Reviews for Hobbs

See all (0)

Write a Review

Start Your Review of Hobbs

Commute