Housing in Hobbs, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$283,300
Median List Price
$292,350
Price Per Sq Ft
$154
Days on Market
18
Active Inventory
41
Months of Supply
2.3
Seller's market
Zillow Home Value
$206,003
ZHVI — January 2026
Zillow Rent Index
$1,347
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
48.1%
Market Activity
Source: RedfinHomes Sold
18
New Listings
34
Pending Sales
27
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$154
Median List $/SF
$164
Hobbs vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Hobbs is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$180,700
Median Rent
$1,132
Total Housing Units
15,687
Vacancy Rate
10.3%
Owner Occupied
62.8%
Renter Occupied
37.2%
Median Property Tax
$843
per year
Monthly Cost (w/ Mortgage)
$741
Housing Types
The current median sale price in Hobbs, NM is $283,300 according to Redfin data. Homes spend a median of 18 days on the market. 0.0% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $154. Zillow's observed rent index is $1,347/month. About 62.8% of housing units are owner-occupied. The median year homes were built is 1977. There are 15,687 total housing units.