The median home in Hobbs, New Mexico is valued at $206,003, up 2.9% year over year. Typical monthly rent is $1,347, producing a price-to-rent ratio of 12.7x — below the national average of 18x. Hobbs is part of the Hobbs, NM metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$206,003

+2.9%

Rent$1,347/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Hobbs.

Income (annual)

Down Payment

$41,201 on $206,003

Example: $75,000 household income. Change it above to see your own.

Affordable21% of income

Under the 28% guideline.

PITI$1,312

P/I21%

Afford$275K

Room+$69K

P&I $1,042Tax $137Ins $133

Buying $35/mo cheaper ($1,347 rent)6.50% 30yr, 20% down, county tax + NM ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Mexico

Compare Hobbs with other housing markets across New Mexico.

Lamy$810K Los Ranchos de Albuquerque$685K Corrales$684K Placitas$635K Arroyo Seco$620K Alto$569K Santa Fe$569K Los Alamos$568K

Full Hobbs, NM analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Hobbs, NM metro.

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