Hobbs, NM

Metro area in New Mexico · Updated Jan 2026

12-Month Forecast ↓ -6.2%

Median Home Value

$190,883

↑ +0.7%

Year-over-year

Median Rent

$1,280/mo

↑ +7.2%

Year-over-year

Rental Yield

8%

Excellent for investors

5-Year Appreciation

-25.4%

Active Listings

97

For-sale inventory

Price-to-Rent Ratio

12.4

Favors buying

Price Forecast

1 Month

↑ +0.7%

3 Months

↑ +1.3%

12 Months

↓ -6.2%

5-Year Price Trend

Calculate your mortgage for Hobbs, NM

See monthly payments for a $190,883 home →

Should you rent or buy in Hobbs, NM?

Price-to-rent ratio: 12.4x — Buying likely wins. Run a full breakeven analysis with Hobbs, NM numbers pre-filled →

Frequently Asked Questions