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 Size

Housing Units by Size
Studio Type2.70%
One Bedroom12.50%
Two Bedrooms29.50%
Three Bedrooms46%
Four Bedrooms8.60%
Five Bedrooms or more0.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1965
Median Value of occupied units$51,200
Median Price asked for vacant units$39,700

Rented Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1972
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage3.50%
Home Equity Loan1.80%
Simple Mortgage48.90%
Debt Free45.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.4%