Hobbs, NM Real Estate
According to census data in the year 2000 there were 11,999 housing units in Hobbs.
This represents a 2.7% decline from 12,327 in 1990.
Of those housing units, 11,657 were located in either urbanized areas or urban clusters, and 342 were located in what is classified as a rural area.
Homeownership rate in Hobbs is about 68.1%.
Hobbs's vacancy rate, including seasonal lodging, is about 15.8%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Hobbs were built after 1967.
|Housing Units by Size|
|Five Bedrooms or more||0.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.75|
|Median year structure was built||1965|
|Median Value of occupied units||$51,200|
|Median Price asked for vacant units||$39,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.68|
|Median year structure was built||1972|
|Median Monthly Rent asked for vacant units||$313|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||1.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.4%|