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Median Home Price in Hobbs, NM

The median home value in Hobbs, NM is $216,854 as of 2026-07-31, up 3.54% from a year earlier.

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Median Home Value

$216,854

Year-over-Year

+3.54%

Population

38,972

Hobbs ranks #22 of 27 New Mexico cities tracked here by median home value, and sits 14.7% below the state's city median of $254,309. It sits in Lea County, where the county-wide median is $201,785.

Housing affordability in Hobbs

Median household income in Hobbs is $64,021, so the typical home value is about 3.4× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

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

What is the average home price in Hobbs, NM?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Hobbs, that value is $216,854. That's up 3.54% from a year earlier. It is about 14.7% below the typical New Mexico city tracked here.

Is Hobbs expensive compared to the surrounding area?

Homes in Hobbs are more expensive than Lea County as a whole, where the median is $201,785 — a difference of about 7.5%.

Is Hobbs affordable?

Median household income here is $64,021, so the typical home value is about 3.4× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

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.