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Hobbs, NM Home Values and Rents
The typical home value in Hobbs is $211,306, 76th highest of 150 cities and towns in New Mexico. Median rent is $1,484 a month.
- Typical home value
- $211,306
- 76th of 150 in NM
- Median rent
- $1,484/mo
- Zillow observed rent
- Price change, 1 year
- +3.6%
- Sep 2026
- Homeownership
- 66.0%
- NM: 70.0%
Typical home value in Hobbs
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Hobbs |
|---|---|
| Sep 2026 | $211,306 |
| Dec 2025 | $205,082 |
| Dec 2024 | $199,878 |
| Dec 2023 | $200,145 |
| Dec 2022 | $210,267 |
| Dec 2021 | $225,287 |
| Dec 2020 | $244,049 |
| Dec 2019 | $231,379 |
| Dec 2018 | $215,533 |
| Dec 2017 | $209,131 |
| Dec 2016 | $208,070 |
| Dec 2015 | $208,564 |
| Dec 2014 | $211,294 |
| Dec 2013 | $194,298 |
Over five years, Hobbs prices changed -8.0%.
Source: Zillow Research · Last updated 09/01/2026
Frequently asked questions
- What is the typical home value in Hobbs, NM?
- The typical home value in Hobbs is $211,306 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in Hobbs?
- The median rent in Hobbs is $1,484 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,327.
- Are home prices going up in Hobbs?
- The typical home value in Hobbs changed +3.6% over one year and -8.0% over five years, as of Sep 2026.
- How does Hobbs compare with the rest of New Mexico?
- Hobbs has the 76th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.