What is the median rent in Hobbs, NM?

Name: Median rent in Hobbs, NM, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Hobbs, NM is $1,112 (±$54) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 4,470 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Hobbs, the median gross rent went from $895 in 2015–2019 to $1,112 in 2020–2024 (+24.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,112 (±$54)
Rented homes: 4,470 (±519)
$2,000 or more: 3.3%
Since 2015–2019: +24.2%

How much rent costs in Hobbs

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Hobbs	Lea County	New Mexico	United States
Less than $500	6.4% (±3.1 points)	6.9%	8.6%	6.3%
$500 to $999	30.5% (±6.7 points)	31.9%	36.3%	20.2%
$1,000 to $1,499	42.9% (±7.5 points)	44.0%	32.4%	28.1%
$1,500 to $1,999	17.0% (±6.0 points)	14.3%	15.1%	21.1%
$2,000 to $2,499	3.2% (±2.8 points)	2.4%	4.9%	12.0%
$2,500 to $2,999	0.0% (±0.1 points)	0.4%	1.3%	5.5%
$3,000 or more	0.1% (±0.2 points)	0.1%	1.3%	6.8%

The most common range is $1,000 to $1,499, paid by 42.9% of renting households.

3.3% of rented homes in Hobbs cost $2,000 or more a month.

Hobbs against Lea County, its state and the nation

Estimate (90% margin of error)
	Hobbs	Lea County	New Mexico	United States
Median gross rent	$1,112 (±$54)	$1,101 (±$52)	$1,067 (±$11)	$1,413
Rented homes paying rent	4,470 (±519)	6,070 (±606)	230,521 (±3,240)	42,849,984

In Hobbs, median gross rent is not measurably different from Lea County ($1,101).

It is not measurably different from New Mexico ($1,067).

It is lower than the national figure ($1,413).

In Lea County, Hobbs ranks 3 of 6 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 38 of 142.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Hobbs has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$895 (±$52)	$1,112 (±$54)	+24.2%	No measurable change after inflation
Households that rent	40.5% (±3.0 points)	34.0% (±3.4 points)	−6.5 percentage points	Measurable decrease
Rental vacancy rate	12.0% (±4.2 points)	9.8% (±3.5 points)	−2.2 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Hobbs

Nearest places with a published estimate, compared with Hobbs
Place	Distance	Median gross rent	Compared with this place
Hobbs	—	$1,112 (±$54)	—
North Hobbs	3.7 mi	$1,319 (±$179)	Higher
Lovington	18 mi	$1,014 (±$105)	Not measurably different
Eunice	20 mi	$721 (±$265)	Lower
Denver City	25 mi	$1,030 (±$148)	Not measurably different
Seminole	30 mi	$858 (±$44)	Lower
Plains	37 mi	$864 (±$44)	Lower
Tatum	37 mi	$943 (±$31)	Lower
Seagraves	38 mi	$654 (±$420)	Lower

Nearby places with a measurably lower figure: Eunice, NM ($721), Seminole, TX ($858), Plains, TX ($864).

Nearby places with a measurably higher figure: North Hobbs, NM ($1,319).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Lea County, place by place

Rank	Place	Median gross rent
1	North Hobbs	$1,319 (±$179)
2	Jal	$1,318 (±$153)
3	Hobbs	$1,112 (±$54)
4	Lovington	$1,014 (±$105)
5	Tatum	$943 (±$31)
6	Eunice	$721 (±$265)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Hobbs

What is the average rent in Hobbs, NM?

The Census Bureau publishes the median rather than the average: the median gross rent in Hobbs is $1,112 (±$54) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Hobbs?

In Hobbs, the median gross rent went from $895 in 2015–2019 to $1,112 in 2020–2024 (+24.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Hobbs cost more than $2,000 a month?

3.3% of rented homes in Hobbs have a gross rent of $2,000 or more a month, and 6.4% cost less than $500.

Is rent in Hobbs higher than in Lea County?

In Hobbs, median gross rent is not measurably different from Lea County ($1,101).

It is not measurably different from New Mexico ($1,067).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Hobbs city, New Mexico (place:32520, in state:35).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.