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Hobbs

Hobbs

Located in Lea County

$144 Average Price per Sq Ft
41 Homes For Sale

A regional commercial hub among the oil fields

Located in southeast New Mexico, less than 2 miles from the Texas border, Hobbs is the largest city in Lea County. The city was and is built around the oil and gas industry and serves as a regional hub for shopping, dining and entertainment. "I would say the community is definitely the best part about living here," said local Realtor and area native Cassandra Rosa of MVMT Real Estate. "There's a real sense of connection between people. It's a pretty slow-paced lifestyle compared to a big city, but that's a selling point for a lot of folks here."

Located in southeast New Mexico, less than 2 miles from the Texas border, Hobbs is the largest city in Lea County.
Located in southeast New Mexico, less than 2 miles from the Texas border, Hobbs is the largest city in Lea County.
Hobbs was and is built around the oil and gas industry and serves as a regional hub for shopping, dining and entertainment.
Hobbs was and is built around the oil and gas industry and serves as a regional hub for shopping, dining and entertainment.
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Midcentury blocks and modern subdivisions

The city has been an oil town basically since its founding in 1907, and early oil worker homes weren't really built to last. Consequently, most properties in town today were constructed in the 50s or later. The housing market today is made up of a combination of midcentury ranch-style homes and more spacious contemporary properties. A number of sizable subdivisions have sprung up around the edges of town in recent years, offering everything from low-key duplexes to luxury homes. “A lot of people come here to work in the oil fields,” says Rosa, “The town is growing, there are always new homes being built.” Hobbs home prices vary widely depending on the age, size and location of the home. Small, fixer-upper cottages can be found for under $150,00, while modern two-story homes with spacious layouts generally go for $400,000 to $500,000. Most homes fall somewhere between these categories, and the median price for a single-family property in Hobbs is $265,000. According to the Hobbs Police Department there were 5060 crimes reported in 2022—an increase from 2021's numbers but a decrease from 2018 and 2019. The city has a semi-arid climate, and it can get quite hot in the summers, with temperatures regularly hitting triple digits.

A number of sizable subdivisions have sprung up around the edges of Hobbs in recent years, consisting of modern and ranch style homes with New Mexican accents like the home picture here.
A number of sizable subdivisions have sprung up around the edges of Hobbs in recent years, consisting of modern and ranch style homes with New Mexican accents like the home picture here.
The median price for a single-family property in Hobbs, like this ranch style home, is $265,000.
The median price for a single-family property in Hobbs, like this ranch style home, is $265,000.
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High-flying high school basketball teams

Hobbs Municipal Schools, which oversees the local public schools, has a B-minus grade on niche. Hobbs High is known for its strong boys' and girls' basketball teams, both of which have won several state championships, most recently in 2023. The city is also home to New Mexico Junior College and the University of the Southwest.

Hobbs Municipal Schools, which oversees the local public schools, has a B-minus grade on niche.
Hobbs Municipal Schools, which oversees the local public schools, has a B-minus grade on niche.
Hobbs High is known for its strong football and basketball teams, both of which have won several state championships.
Hobbs High is known for its strong football and basketball teams, both of which have won several state championships.
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Lots of shopping and lots of Mexican food

Most—but not all—of Hobbs' shopping and dining can be found along Turner Street/Lovington Highway or Marland Boulevard. The city features an impressive array of Mexican and Tex-Mex eateries, though fans of other styles of cuisine may find their options a bit limited. Zia Park Casino and Racetrack on the north side of town is a major local employer, and hosts live performances throughout the year. Covenant Health Hobbs Hospital is located just across the road from the casino and is the largest hospital in the area.

Most—but not all—of Hobbs' shopping and dining can be found along Turner Street and Lovington Highway.
Most—but not all—of Hobbs' shopping and dining can be found along Turner Street and Lovington Highway.
Covenant Health Hobbs Hospital is located just across the road from the casino and is the largest hospital in the area.
Covenant Health Hobbs Hospital is located just across the road from the casino and is the largest hospital in the area.
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The modern Center of Recreational Excellence

Green space in Hobbs is somewhat limited, though there are a few well-maintained parks scattered throughout town. On the north side, Del Norte Park features sports fields, picnic areas and an aquatic park, while McAdams Park, located near a fishing pond, offers trails and open spaces for walking or jogging. Near McAdams Park, the CORE Center of Recreational Excellence is a city-owned multipurpose facility with indoor pools, a climbing wall, and fitness equipment. The recently developed Rockwind Community Links golf course is also owned by the city and features 27 carefully designed holes.

On the north side of Hobbs, Del Norte Park features multiple playgrounds, sports fields, picnic areas and an aquatic park in the summer.
On the north side of Hobbs, Del Norte Park features multiple playgrounds, sports fields, picnic areas and an aquatic park in the summer.
The CORE, Center of Recreational Excellence, is a city-owned multipurpose facility in Hobbs with indoor pools, a climbing wall, and fitness equipment.
The CORE, Center of Recreational Excellence, is a city-owned multipurpose facility in Hobbs with indoor pools, a climbing wall, and fitness equipment.
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Christmas Parades and a PRCA Rodeo

The city hosts annual Veterans' Day and Christmas Parades, and small-to-medium events are held at the Lea County Event Center throughout the year. The biggest event in the region is actually the Lea County Fair and PRCA Rodeo, which is held about 17 miles north of town in Lovington every August.

Hobbs hosts an annual Veterans' Day Parade and it's Veteran's Memorial Park features a fighter jet and helicopter.
Hobbs hosts an annual Veterans' Day Parade and it's Veteran's Memorial Park features a fighter jet and helicopter.
The biggest event in the region is the Lea County Fair and PRCA Rodeo, which is held about 17 miles north of Hobbs in Lovington every August.
The biggest event in the region is the Lea County Fair and PRCA Rodeo, which is held about 17 miles north of Hobbs in Lovington every August.
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Local highways and the Lea County Regional Airport

U.S. Highways 62 and 180 serve as major routes through the city, connecting to nearby cities like Lovington and Carlsbad. It's 70 miles by car to Carlsbad and 111 miles to Lubbock, the nearest major city. Lea County Regional Airport, located just outside of Hobbs, offers daily flights to Houston and Denver.

Andrew Moreno
Written By
Andrew Moreno
Nate Myers
Photography Contributed By
Nate Myers
Aiyshanti Green
Video By
Aiyshanti Green

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Schools

Source:
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Hobbs Housing Trends

Housing Trends

Median List Price
$275,000
Median Sale Price
$273,625
Median Single Family Sale Price
$271,500
Median Townhouse Sale Price
$104,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
420
Median Home Sale Price YoY Change
$5
Average Price Per Sq Ft
$144

Neighborhood Facts

Number of Homes for Sale
41
Months of Supply
1.20

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Hobbs Has More Owners

Demographics

Total Population
37,681
Median Age
32
Population Density
10 ppl/acre
Population under 18
31.1%
Above the national average
23.8%
Population over 65
12.4%
Below the national average
19.1%

Finances

Median Household Income
$51,023
Significantly below the national average
$71,702
Average Household Income
$69,295

Education and Workforce

High School Graduates
77.6%
Below the national average
89.1%
College Graduates
17.3%
Below the national average
34.1%
Advanced Degrees
8.6%
% Population in Labor Force
68.4%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.