House Prices

House Prices & Home Values Hobbs, NM 2026


Average Data

average house price$248,543
average size per house2046 ft²
average price per ft²122 $ / ft²

01/17/2026 - The value range (VR) for house prices in Hobbs, NM is $121/ sqft to $191/ sqft. An average home with 2046 sqft costs approximately $247,566 to $390,786. Hobbs, NM includes 2 ZIP codes and it is located in Lea county. The lowest prices are found in ZIP 88240, while the highest are in ZIP 88242. The average price per sqare feet is $122. Our analysis is based on 189 property listings.

Avergage prices by ZIP codes Hobbs

88240133 $ / ft²
88242207 $ / ft²


House prices by neighborhoods in Hobbs

Broadmoor116 $ / ft²
College Lane121 $ / ft²
Downtown Hobbs112 $ / ft²
Highland133 $ / ft²
North Hobbs131 $ / ft²
Southern Heights133 $ / ft²
Zia Crossing121 $ / ft²




Historical development of home values in Hobbs

Year Estimated value (USD) Change vs. 2025
2010 $115,428 -53.6%
2011 $110,964 -55.4%
2012 $110,665 -55.5%
2013 $114,802 -53.8%
2014 $120,510 -51.5%
2015 $126,695 -49.0%
2016 $133,307 -46.4%
2017 $140,502 -43.5%
2018 $148,270 -40.3%
2019 $155,145 -37.6%
2020 $163,165 -34.4%
2021 $185,583 -25.3%
2022 $216,348 -13.0%
2023 $228,149 -8.2%
2024 $241,348 -2.9%
2025 $248,543 0.0%

Graph: estimated home values in Hobbs over time (USD)



Example: 100% financing house in Hobbs

Loan amount: $248,543

Interest rate: 6.00%

Fixed monthly payment: $1,490.14

Breakdown in the 1st month:
Interest portion: $1,242.72  –  Principal portion: $247.43

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,829.55 $3,052.14 $245,490.86
2 $14,641.30 $3,240.39 $242,250.48
3 $14,441.44 $3,440.25 $238,810.23
4 $14,229.26 $3,652.43 $235,157.80
5 $14,003.98 $3,877.71 $231,280.09
6 $13,764.81 $4,116.88 $227,163.21
7 $13,510.89 $4,370.80 $222,792.42
8 $13,241.31 $4,640.38 $218,152.04
9 $12,955.11 $4,926.58 $213,225.46
10 $12,651.24 $5,230.45 $207,995.01
11 $12,328.64 $5,553.05 $202,441.96
12 $11,986.14 $5,895.55 $196,546.41
13 $11,622.52 $6,259.17 $190,287.24
14 $11,236.47 $6,645.22 $183,642.02
15 $10,826.60 $7,055.09 $176,586.93
16 $10,391.46 $7,490.23 $169,096.70
17 $9,929.48 $7,952.21 $161,144.49
18 $9,439.00 $8,442.69 $152,701.80
19 $8,918.28 $8,963.41 $143,738.39
20 $8,365.43 $9,516.26 $134,222.13
21 $7,778.49 $10,103.20 $124,118.94
22 $7,155.35 $10,726.34 $113,392.59
23 $6,493.77 $11,387.92 $102,004.68
24 $5,791.39 $12,090.30 $89,914.38
25 $5,045.69 $12,836.00 $77,078.37
26 $4,253.99 $13,627.70 $63,450.67
27 $3,413.46 $14,468.23 $48,982.44
28 $2,521.09 $15,360.60 $33,621.85
29 $1,573.69 $16,308.00 $17,313.85
30 $567.84 $17,313.85 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Hobbs, NM


1500 sqft3900 sqft
Ø selling price$221,431$471,043
Ø fast selling$201,301$423,938
Ø high price sale$241,561$518,147

In 2026, houses in Hobbs, NM will be offered at an average price of $122 per square foot. A 1,500 sqft home priced at $221,431 is 25.14% more expensive per square foot than a 3,900 sqft home priced at $471,043. Home prices in Hobbs, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $326,106. Sellers who can wait longer may achieve a higher price of up to $398,575.

FAQ – Home Values in Hobbs

What is the median home value in Hobbs in 2026?

In 2026, the typical home value in Hobbs is about $248,543 for an average home size of 2046 square feet. This corresponds to an average price of roughly $122 per square foot.

What is the average cost per square foot in Hobbs?

In 2026, homes in Hobbs sell for an average of around $122 per square foot, with a typical range between $121 and $191 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Hobbs is about 2046 square feet, with an estimated 2026 value around $248,543.



Locations close to Hobbs, NM

Hope, NM134 $ / ft²
Jal, NM88 $ / ft²
Lake Arthur, NM106 $ / ft²
Hagerman, NM120 $ / ft²
Eunice, NM95 $ / ft²
Dexter, NM99 $ / ft²
  imprint  Privacy