Hobbs, NM

Hobbs, NM real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 3.4%/yr.

Rent growth

: 3.3%/yr.

Median cap rate

: 4.7%.

Median IRR

: 7.1%.

Median rental home value

: $290,000.

Median rental rate

: $1,101/mo.

Median property tax

: $879/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated September 2026.

Browse analyzed properties in Hobbs, NM →

Top listings right now

903 W IRON AVE, HOBBS, NM 88240 $180,000· 3 bd· 1 ba
1615 S TURNER ST, HOBBS, NM 88240 $175,000· 3 bd· 2 ba
1801 S TURNER ST, HOBBS, NM 88240 $210,000· 3 bd· 2 ba
301 W AVENUE N, LOVINGTON, NM 88260 $179,900· 3 bd· 1.5 ba
1102 W TAYLOR AVE, LOVINGTON, NM 88260 $185,000· 3 bd· 2 ba
1121 N LLANO DR, HOBBS, NM 88240 $220,000· 3 bd· 2 ba
605 E CORBETT ST, HOBBS, NM 88240 $220,000· 3 bd· 2 ba
700 E PERMIAN DR, HOBBS, NM 88240 $245,000· 3 bd· 2 ba
326 W CLEARFORK DR, HOBBS, NM 88240 $288,000· 4 bd· 2.5 ba
1205 E YESO DR, HOBBS, NM 88240 $225,000· 3 bd· 2 ba

ZIP codes in Hobbs, NM

Rental market data for every ZIP code in this micro area.