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Median Home Price in Hobbs, NM

The median home value in Hobbs, NM is $217,746 as of 2026-06-30, up 3.0% from a year earlier.

Median Home Value

$217,746

Year-over-Year

+3.0%

Population

38,972

Hobbs ranks #22 of 27 New Mexico cities tracked here by median home value, and sits 16.4% below the state's city median of $260,337. It sits in Lea County, where the county-wide median is $202,528.

Crime in Hobbs

Hobbs police recorded a violent crime rate of 790 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 3,751 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Hobbs

How much does a house cost in Hobbs, NM?

The median home value in Hobbs is $217,746. That's up 3.0% from a year earlier. That is about 16.4% below the typical county in New Mexico.

Is Hobbs expensive compared to the surrounding area?

Homes in Hobbs are more expensive than Lea County as a whole, where the median is $202,528 — a difference of about 7.5%.

Is Hobbs a safe place to live?

Hobbs police reported 790 violent crimes per 100,000 residents, covering a population of about 38,972. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.