What percentage of people rent in North Hobbs, NM?

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

14.4% (±5.7 points) of the occupied homes in North Hobbs, NM are rented (2020–2024 American Community Survey).

That is 255 renting households against 1,522 that own their home.

In North Hobbs, the share of households that rent went from 24.4% in 2015–2019 to 14.4% in 2020–2024 (−10.0 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 14.4% (±5.7 points)
Renting households: 255 (±115)
Median renter income: $72,125 (±$40,681)

Who rents and who owns in North Hobbs

Tenure, estimate (90% margin of error)
	North Hobbs	Lea County	New Mexico	United States
Renter-occupied share	14.4% (±5.7 points)	28.8% (±2.4 points)	30.0% (±0.4 points)	34.8%
Renting households	255 (±115)	7,111 (±629)	251,477 (±3,297)	45,017,354
Owning households	1,522 (±199)	17,559 (±654)	585,937 (±3,814)	84,210,142
Average renter household size	3.2 (±1.0)	2.8 (±0.2)	2.2 (±0.0)	2.3
Average owner household size	3.4 (±0.5)	2.9 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$72,125 (±$40,681)	$37,522 (±$6,065)	$40,497 (±$955)	$52,966
Median owner household income	$84,891 (±$12,239)	$82,012 (±$5,641)	$77,401 (±$970)	$100,009

In North Hobbs, the renter share is lower than in Lea County (28.8%).

It is also lower than in New Mexico (30.0%).

It is lower than the national figure (34.8%).

In Lea County, North Hobbs ranks 6 of 6 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 138 of 205.

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

How renting in North 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
Households that rent	24.4% (±6.8 points)	14.4% (±5.7 points)	−10.0 percentage points	Measurable decrease
Median gross rent	$1,007 (±$119)	$1,319 (±$179)	+31.0%	No measurable change after inflation
Median household income	$70,230 (±$4,999)	$82,554 (±$12,530)	+17.5%	No measurable change after inflation

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.

Households that rent in places near North Hobbs

Nearest places with a published estimate, compared with North Hobbs
Place	Distance	Households that rent	Compared with this place
North Hobbs	—	14.4% (±5.7 points)	—
Hobbs	3.7 mi	34.0% (±3.4 points)	Higher
Lovington	18 mi	27.1% (±7.1 points)	Higher
Denver City	22 mi	32.7% (±9.4 points)	Higher
Eunice	23 mi	28.8% (±11.2 points)	Higher
Seminole	28 mi	25.8% (±8.6 points)	Higher
Plains	34 mi	23.6% (±14.1 points)	Not measurably different
Seagraves	34 mi	40.0% (±12.3 points)	Higher
Tatum	35 mi	25.2% (±27.3 points)	Not measurably different

Nearby places with a measurably higher figure: Hobbs, NM (34.0%), Lovington, NM (27.1%), Denver City, TX (32.7%).

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

Households that rent across Lea County, place by place

Rank	Place	Households that rent
1	Hobbs	34.0% (±3.4 points)
2	Eunice	28.8% (±11.2 points)
3	Jal	27.5% (±13.0 points)
4	Lovington	27.1% (±7.1 points)
5	Tatum	25.2% (±27.3 points)
6	North Hobbs	14.4% (±5.7 points)

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

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).

Is renting growing in North Hobbs?

In North Hobbs, the share of households that rent went from 24.4% in 2015–2019 to 14.4% in 2020–2024 (−10.0 percentage points), a measurable decrease.

How big are renting households in North Hobbs?

A renting household in North Hobbs has 3.2 people on average, against 3.4 in an owned home.

How much do renters earn in North Hobbs?

The median renting household in North Hobbs, NM has an income of $72,125 (±$40,681) a year, against $84,891 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.