Housing data for North Hobbs, NM
North Hobbs, NM has an estimated 6,034 residents and 1,967 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Lea County.
14.4% of households rent.
The median gross rent is $1,319 a month.
Figures last updated on .
- Residents
- 6,034 (±753)
- Housing units
- 1,967 (±222)
- Households that rent
- 14.4%
- Median gross rent
- $1,319
- Residents since 2015–2019
- −4.2%
What stands out in North Hobbs
Median home value: $264,400 (±$14,255) in North Hobbs, higher than in Lea County ($184,000).
Households that rent: 14.4% (±5.7 points) in North Hobbs, lower than in Lea County (28.8%).
Median real estate taxes: $1,274 (±$189) in North Hobbs, higher than in Lea County ($879).
Homes in buildings of 5 or more units: 1.7% (±2.9 points) in North Hobbs, lower than in Lea County (7.1%).
- Home values in North Hobbs
- Renters and owners in North Hobbs
- Property taxes in North Hobbs
- Types of homes in North Hobbs
Housing in North Hobbs at a glance
- Median rent: $1,319 median gross rent a month
- Rent by bedrooms: $1,395 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 36.4% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 14.4% of households rent
- Income and affordability: $82,554 median household income
- Home values: $264,400 median home value
- Homeowner costs: $1,767 median monthly cost with a mortgage
- Property taxes: $1,274 median real estate taxes a year
- Types of homes: 1.7% of homes are in buildings of 5 or more units
- Bedrooms: 84.4% of homes have 3 or more bedrooms
- Age of homes: 32.9% of homes were built before 1980
- Vacancy rate: 6.6% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 63.3% heat with electricity
- Commute and cars: 20.5 minutes average trip to work
- Growth: −4.2% residents since 2015–2019
- How long people stay: 25.6% moved in since 2020
- Crowding and facilities: 6.4% of homes have more than 1 person per room
North Hobbs against Lea County, its state and the nation
| North Hobbs | Lea County | New Mexico | United States | |
|---|---|---|---|---|
| Residents | 6,034 (±753) | 73,733 (exact) | 2,120,246 (exact) | 334,922,499 |
| Housing units | 1,967 (±222) | 28,403 (±55) | 956,964 (±262) | 143,775,355 |
| Households that rent | 14.4% (±5.7 points) | 28.8% (±2.4 points) | 30.0% (±0.4 points) | 34.8% |
| Median gross rent | $1,319 (±$179) | $1,101 (±$52) | $1,067 (±$11) | $1,413 |
| Median household income | $82,554 (±$12,530) | $68,015 (±$5,605) | $64,059 (±$808) | $80,734 |
| Median home value | $264,400 (±$14,255) | $184,000 (±$8,831) | $248,100 (±$1,957) | $332,700 |
| Median real estate taxes (a year) | $1,274 (±$189) | $879 (±$83) | $1,731 (±$19) | $3,119 |
| Built before 1980 | 32.9% (±8.9 points) | 51.7% (±3.7 points) | 42.7% (±0.5 points) | 49.7% |
| Average commute | 20.5 minutes (±3.6) | 24.4 minutes (±2.2) | 23.5 minutes (±0.3) | 26.4 minutes |
| Households with broadband | 89.8% (±5.3 points) | 86.3% (±1.8 points) | 86.5% (±0.3 points) | 91.0% |
| Median age of residents | 31.7 years (±3.6) | 32.5 years (±0.3) | 39.4 years (±0.1) | 38.9 years |
North Hobbs covers 26.0 square miles of land, about 232 residents per square mile (Census Bureau Gazetteer).
How North Hobbs has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 6,301 (±567) | 6,034 (±753) | −4.2% | Not a measurable change |
| Housing units | 2,586 (±179) | 1,967 (±222) | −23.9% | Measurable decrease |
| Median gross rent | $1,007 (±$119) | $1,319 (±$179) | +31.0% | No measurable change after inflation |
| Median home value | $186,000 (±$14,454) | $264,400 (±$14,255) | +42.2% | Up after inflation |
| Median household income | $70,230 (±$4,999) | $82,554 (±$12,530) | +17.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,473 (±$133) | $1,767 (±$197) | +20.0% | No measurable change after inflation |
| Median real estate taxes | $811 (±$101) | $1,274 (±$189) | +57.1% | Up after inflation |
| Households that rent | 24.4% (±6.8 points) | 14.4% (±5.7 points) | −10.0 percentage points | Measurable decrease |
| Rental vacancy rate | 18.2% (±12.4 points) | 6.6% (±12.4 points) | −11.6 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.
Crime reported to police in Lea County
North Hobbs has no police department of its own in the FBI’s figures, so this is the figure for Lea County as a whole.
In 2025, the police departments that report for Lea County recorded 602 violent and 2,538 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in North Hobbs
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 88242 | 32% | 8,472 | $1,534 | $260,200 | $90,000 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near North Hobbs
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Hobbs | 3.7 mi | $1,112 | $191,300 | 34.0% |
| Lovington | 18 mi | $1,014 | $166,100 | 27.1% |
| Denver City | 22 mi | $1,030 | $172,800 | 32.7% |
| Eunice | 23 mi | $721 | $139,800 | 28.8% |
| Seminole | 28 mi | $858 | $177,000 | 25.8% |
| Plains | 34 mi | $864 | $133,300 | 23.6% |
| Seagraves | 34 mi | $654 | $68,400 | 40.0% |
| Tatum | 35 mi | $943 | $111,200 | 25.2% |
Places in New Mexico most like North Hobbs
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Tome | $1,385 | $269,300 | $85,448 | 12.0% |
| Spencerville | $1,301 | $255,000 | $78,899 | 13.9% |
| San Ysidro (community) | $916 | $335,300 | $89,473 | 15.0% |
| Sandia Knolls | $1,107 | $293,900 | $91,827 | 12.0% |
| La Cienega | $1,139 | $517,100 | $85,250 | 20.2% |
| El Rancho | $1,070 | $281,400 | $80,417 | 22.2% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Mexico.
HUD Fair Market Rent for North Hobbs, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,111 | $1,117 | $1,327 | $1,670 | $1,823 |
HUD income limits for North Hobbs, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,450 | $30,750 | $49,200 |
| 2 people | $21,640 | $35,150 | $56,200 |
| 3 people | $27,320 | $39,550 | $63,250 |
| 4 people | $33,000 | $43,900 | $70,250 |
| 5 people | $38,680 | $47,450 | $75,900 |
| 6 people | $44,360 | $50,950 | $81,500 |
| 7 people | $50,040 | $54,450 | $87,150 |
| 8 people | $55,720 | $57,950 | $92,750 |
These are the limits HUD sets for its housing programs in the Lea County, NM, where HUD’s median family income for fiscal year 2026 is $92,200.
A program can use its own limits; tax-credit and local programs often do.
North Hobbs is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
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 North Hobbs
What is the average rent in North Hobbs, NM?
The Census Bureau publishes the median rather than the average: the median gross rent in North Hobbs is $1,319 (±$179) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How many renters are there in North Hobbs?
North Hobbs has an estimated 255 (±115) renting households, 14.4% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in North Hobbs?
The median household income in North Hobbs is $82,554 (±$12,530) a year (2020–2024 American Community Survey).
What is the average home value in North Hobbs, NM?
The Census Bureau publishes the median: $264,400 (±$14,255) for owner-occupied homes in North Hobbs (2020–2024 American Community Survey).
What is the average mortgage payment in North Hobbs?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in North Hobbs, NM is $1,767 (±$197) a month, including taxes, insurance and utilities.
How much are property taxes in North Hobbs?
The median real estate tax paid by homeowners in North Hobbs, NM is $1,274 (±$189) a year (2020–2024 American Community Survey).
Is North Hobbs growing?
In North Hobbs, the number of residents went from 6,301 in 2015–2019 to 6,034 in 2020–2024 (−4.2%), not a measurable change.
What ZIP codes are in North Hobbs?
The ZIP code that covers North Hobbs is 88242.
What is the median rent in ZIP code 88242?
The median gross rent in ZIP Code Tabulation Area 88242 is $1,534 (±$242) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Total Population (B01003), 2015–2019 ACS 5-year estimates — North Hobbs CDP, New Mexico
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — North Hobbs CDP, New Mexico
- HUD Fair Market Rents, fiscal year 2027: Lea County, NM
- HUD Income Limits, fiscal year 2026: Lea County, NM
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 North Hobbs CDP, New Mexico (place:52500, in state:35).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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.
Figures last updated on .