Hobbs, NM

Population: 34,543
Average annual home appreciation rate: 0.12%
Total of homes for sale in this market:
Median home price: $90,518
Median Rent: $562 per room
Home price range: 33.37%
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 69.44%
Number of vacant homes: 14.14%
Number of renters: 32.87%
Number of owner occupied: 67.13%
Number people living below poverty level: 19.46%
Unemployment rate: 3.70%
Is this area perfect for real estate deals going on right now? Relative to New Mexico, our data show that Hobbs’s latest annual appreciation rate is higher than 80% of the other cities and towns in New Mexico. With the overall home prices, higher than average rental rates, positive appreciation, and multiple vacant properties available on the market, Hobbs could spell opportunity for the savvy buy and hold investor.

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