The median home value in Hobbs, NM is $240,400. This is higher than the county median home value of $149,700. The national median home value is $338,100. The average price of homes sold in Hobbs, NM is $240,400. Approximately 73.84% of Hobbs homes are owned, compared to 16.78% rented, while 9.38% are vacant. Hobbs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hobbs real estate agent to arrange a tour today!
Hobbs, New Mexico 88242 has a population of 6,148. Hobbs 88242 is less family-centric than the surrounding county with 32.74% of the households containing married families with children. The county average for households married with children is 36.8%.
The median household income in Hobbs, New Mexico 88242 is $74,207. The median household income for the surrounding county is $62,319 compared to the national median of $69,021. The median age of people living in Hobbs 88242 is 39.2 years.
The average high temperature in July is 93.4 degrees, with an average low temperature in January of 28.7 degrees. The average rainfall is approximately 16.5 inches per year, with 3.1 inches of snow per year.