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.
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Home Value$206,003
+2.9%
Rent$1,347/mo
AFFORDABILITYBuying $35/mo cheaper ($1,347 rent)6.50% 30yr, 20% down, county tax + NM ins. 28% per HUD.
Enter your income for Hobbs.
$41,201 on $206,003
Affordable — 21% of income
Under the 28% guideline.
PITI$1,312
P/I21%
Afford$275K
Room+$69K
P&I $1,042Tax $137Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
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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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