Hobbs, NM Housing
As of 2010-2014, median price of a house in Hobbs is $104,900, which is lower than the state average of $159,300 and is much lower than the national average of $175,700. The Hobbs median house value has grown by 104.88% since 2000. The growth rate for the price of a house in Hobbs is much higher than the state average rate of 47.36% and is much higher than the national average rate of 46.91%. The median year that a house in Hobbs was built is 1972, which is older than the median year for a house built in the state which is 1981 and is older than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 7,437 Owner Occupied Houses in Hobbs, NM, #185Hobbs, NM | 104,900 USD |
New Mexico | 159,300 USD |
U.S. | 175,700 USD |
Hobbs, NM | 104.88% |
New Mexico | 47.36% |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Hobbs, NM | New Mexico | U.S. | |
Total Housing Units | 12,850, see rank, 100% | 907,233 | 132,741,033 |
Occupied Housing Units | 11,128, 86.60%, see rank | 84.29% | 87.55% |
Owner Occupied | 7,437, 57.88%, see rank | 57.46% | 56.34% |
Renter Occupied | 3,691, 28.72%, see rank | 26.83% | 31.21% |
Vacant Housing Units | 1,722, 13.40%, see rank | 15.71% | 12.45% |
For Rent | 447, 3.48%, see rank | 2.38% | 2.34% |
For Sale Only | 203, 1.58%, see rank | 1.36% | 1.20% |
Rented or Sold, Not Occupied | 92, 0.72%, see rank | 0.84% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 300, 2.33%, see rank | 5.69% | 3.97% |
For Migrant Workers | 21, 0.16%, see rank | 0.11% | 0.03% |
Other Vacant | 659, 5.13%, see rank | 5.34% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #307Hobbs, NM | New Mexico | U.S. |
1972 | 1981 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Hobbs, NM | % | New Mexico | U.S. | |
Owner-Occupied Units | 7,437 | 100% | 521,278 | 74,787,460 |
With a Mortgage | 4,095 | 55.06%, see rank | 58.53% | 65.58% |
Without a Mortgage | 3,342 | 44.94%, see rank | 41.47% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
Hobbs, NM | 975 USD |
New Mexico | 1,242 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Hobbs, NM | % | New Mexico | U.S. |
$299 or Less | 0 | 0.00%, see rank | 0.22% | 0.20% |
$300 to $499 | 168 | 4.10%, see rank | 2.56% | 1.59% |
$500 to $699 | 606 | 14.80%, see rank | 8.36% | 5.01% |
$700 to $999 | 1,425 | 34.80%, see rank | 20.68% | 14.32% |
$1,000 to $1,499 | 1,201 | 29.33%, see rank | 34.20% | 27.90% |
$1,500 to $1,999 | 475 | 11.60%, see rank | 18.89% | 20.35% |
$2,000 to $2,999 | 196 | 4.79%, see rank | 11.36% | 19.52% |
$3,000 or More | 24 | 0.59%, see rank | 3.72% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hobbs, NM | 18.60% of the Total Income |
New Mexico | 23.20% of the Total Income |
U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Hobbs, NM | % | New Mexico | U.S. | |
10% or Less | 504 | 12.31%, see rank | 7.26% | 5.86% |
10% to 20% | 1,824 | 44.54%, see rank | 32.85% | 31.95% |
20% to 30% | 834 | 20.37%, see rank | 25.70% | 27.64% |
30% to 40% | 194 | 4.74%, see rank | 12.87% | 13.74% |
40% or More | 713 | 17.41%, see rank | 20.48% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
Hobbs, NM | 322 USD |
New Mexico | 324 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Hobbs, NM | % | New Mexico | U.S. |
$199 or Less | 560 | 16.76%, see rank | 19.60% | 7.76% |
$200 to $299 | 905 | 27.08%, see rank | 24.69% | 14.70% |
$300 to $499 | 1,482 | 44.34%, see rank | 37.15% | 34.63% |
$500 to $699 | 327 | 9.78%, see rank | 12.63% | 21.16% |
$700 or More | 68 | 2.03%, see rank | 5.93% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hobbs, NM | 10.00% of the Total Income |
New Mexico | 10.00% of the Total Income |
U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Hobbs, NM | % | New Mexico | U.S. | |
10% or Less | 1,814 | 54.28%, see rank | 49.80% | 40.19% |
10% to 20% | 940 | 28.13%, see rank | 27.25% | 31.47% |
20% to 30% | 328 | 9.81%, see rank | 9.72% | 12.24% |
30% to 40% | 184 | 5.51%, see rank | 4.52% | 5.64% |
40% or More | 52 | 1.56%, see rank | 6.81% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Hobbs, NM | New Mexico | U.S. | |
Total Housing Units | 12,850, 100% | 907,233 | 132,741,033 |
1-unit, Detached | 8,892, 69.20%, see rank | 64.81% | 61.65% |
1-unit, Attached | 357, 2.78%, see rank | 3.71% | 5.82% |
2 Units | 268, 2.09%, see rank | 1.92% | 3.75% |
3 or 4 Units | 259, 2.02%, see rank | 3.65% | 4.43% |
5 to 9 Units | 207, 1.61%, see rank | 2.72% | 4.78% |
10 or More Units | 1,375, 10.70%, see rank | 6.53% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 1,492, 11.61%, see rank | 16.67% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Hobbs, NM | New Mexico | U.S. | |
Total Housing Units | 12,850, 100% | 907,233 | 132,741,033 |
1 Room | 721, 5.61%, see rank | 2.62% | 1.95% |
2 Rooms | 145, 1.13%, see rank | 2.34% | 2.48% |
3 Rooms | 479, 3.73%, see rank | 7.65% | 9.13% |
4 Rooms | 2,549, 19.84%, see rank | 17.57% | 16.60% |
5 Rooms | 3,429, 26.68%, see rank | 24.59% | 20.41% |
6 Rooms | 2,705, 21.05%, see rank | 20.08% | 18.06% |
7 Rooms | 1,495, 11.63%, see rank | 12.20% | 12.27% |
8 Rooms | 714, 5.56%, see rank | 6.66% | 8.48% |
9 Rooms or More | 613, 4.77%, see rank | 6.29% | 10.60% |
Median Rooms | 5.20, see rank | 5.30 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Hobbs, NM | New Mexico | U.S. | |
Total Housing Units | 12,850, 100% | 907,233 | 132,741,033 |
No Bedroom | 738, 5.74%, see rank | 2.87% | 2.17% |
1 Bedroom | 598, 4.65%, see rank | 9.24% | 11.16% |
2 Bedrooms | 3,483, 27.11%, see rank | 25.66% | 26.69% |
3 Bedrooms | 6,607, 51.42%, see rank | 46.23% | 39.70% |
4 Bedrooms | 1,355, 10.54%, see rank | 13.82% | 16.05% |
5 or More Bedrooms | 69, 0.54%, see rank | 2.18% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Hobbs, NM | New Mexico | U.S. | |
Total Housing Units | 11,128, 100% | 764,684 | 116,211,092 |
Utility Gas | 5,750, 51.67%, see rank | 66.93% | 48.85% |
Bottled, Tank, or LP Gas | 287, 2.58%, see rank | 8.60% | 4.86% |
Electricity | 5,050, 45.38%, see rank | 16.11% | 36.68% |
Fuel Oil, Kerosene, etc. | 0, 0.00%, see rank | 0.13% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.04% | 0.12% |
Wood | 32, 0.29%, see rank | 6.80% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.26% | 0.05% |
Other Fuel | 0, 0.00%, see rank | 0.94% | 0.47% |
No Fuel Used | 9, 0.08%, see rank | 0.19% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Hobbs, NM | New Mexico | U.S. |
Occupied Units Paying Rent | 3,458, 100% | 224,786 | 39,201,928 |
$199 or Less | 72, 2.08%, see rank | 1.92% | 1.50% |
$200 to $299 | 127, 3.67%, see rank | 3.59% | 3.18% |
$300 to $499 | 168, 4.86%, see rank | 11.64% | 7.37% |
$500 to $699 | 818, 23.66%, see rank | 23.80% | 16.01% |
$700 to $999 | 1,229, 35.54%, see rank | 31.60% | 29.17% |
$1,000 to $1,499 | 852, 24.64%, see rank | 21.59% | 26.88% |
$1,500 to $1,999 | 139, 4.02%, see rank | 4.42% | 9.79% |
$2,000 or More | 53, 1.53%, see rank | 1.44% | 6.10% |
Median | $844, see rank | $774 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Hobbs, NM | New Mexico | U.S. | |
Occupied Housing Units | 11,128, 100% | 764,684 | 116,211,092 |
No Vehicles Available | 360, 3.24%, see rank | 5.73% | 9.12% |
1 Vehicles Available | 3,467, 31.16%, see rank | 33.48% | 33.80% |
2 Vehicles Available | 4,146, 37.26%, see rank | 37.82% | 37.48% |
3 or More Vehicles Available | 3,155, 28.35%, see rank | 22.97% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.