Hobbs, NM Metro Area - Investment Guide
Metro Area • 5 Cities • 6 ZIP Codes
Avg Home Value
$186,775
Avg Monthly Rent
$1,178
Avg Cap Rate
5.15%
Avg Investability
2.7 ★
Cities
5
ZIP Codes
6
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Hobbs, NM Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
5.6%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Hobbs, NM
Every ZIP in the metro, ranked four ways. Free.
Cities in Hobbs, NM
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 88240 | Hobbs | NM | $180,561 | $1,365 | 5.90% | |
| 88252 | Jal | NM | $124,628 | $972 | 6.08% | |
| 88260 | Lovington | NM | $164,697 | $1,125 | 5.33% | |
| 88267 | Tatum | NM | $117,126 | $1,035 | 6.89% | |
| 88231 | Eunice | NM | $161,791 | $1,269 | 6.12% | |
| 88240 | Hobbs | NM | $200,776 | $1,277 | 4.96% | |
| 88260 | Lovington | NM | $191,231 | $1,125 | 4.59% | |
| 88231 | Eunice | NM | $156,703 | $1,269 | 6.32% | |
| 88240 | Hobbs | NM | $201,691 | $1,307 | 5.06% | |
| 88260 | Lovington | NM | $190,257 | $1,125 | 4.61% | |
| 88231 | Eunice | NM | $157,522 | $1,269 | 6.28% | |
| 88240 | Hobbs | NM | $194,114 | $1,337 | 5.37% | |
| 88267 | Tatum | NM | $132,288 | $1,035 | 6.10% | |
| 88260 | Lovington | NM | $180,872 | $1,125 | 4.85% | |
| 88231 | Eunice | NM | $163,631 | $1,269 | 6.05% | |
| 88240 | Hobbs | NM | $200,981 | $1,299 | 5.04% | |
| 88260 | Lovington | NM | $189,302 | $1,125 | 4.64% | |
| 88231 | Eunice | NM | $140,923 | $1,269 | 7.02% | |
| 88267 | Tatum | NM | $133,679 | $1,035 | 6.04% | |
| 88240 | Hobbs | NM | $180,561 | $1,365 | 5.90% | |
| 88252 | Jal | NM | $124,628 | $972 | 6.08% | |
| 88260 | Lovington | NM | $164,697 | $1,125 | 5.33% | |
| 88267 | Tatum | NM | $117,126 | $1,035 | 6.89% | |
| 88231 | Eunice | NM | $160,318 | $1,269 | 6.17% | |
| 88240 | Hobbs | NM | $202,241 | $1,273 | 4.91% | |
| 88260 | Lovington | NM | $190,666 | $1,125 | 4.60% | |
| 88231 | Eunice | NM | $140,923 | $1,269 | 7.02% | |
| 88267 | Tatum | NM | $144,485 | $1,035 | 5.59% | |
| 88242 | Hobbs | NM | $266,824 | $1,359 | 3.97% | |
| 88242 | Hobbs | NM | $297,770 | $1,359 | 3.56% | |
| 88252 | Jal | NM | $152,237 | $972 | 4.98% | |
| 88267 | Tatum | NM | $141,856 | $1,035 | 5.69% | |
| 88242 | Hobbs | NM | $294,633 | $1,359 | 3.60% | |
| 88252 | Jal | NM | $145,075 | $972 | 5.23% | |
| 88242 | Hobbs | NM | $286,454 | $1,359 | 3.70% | |
| 88252 | Jal | NM | $150,525 | $972 | 5.04% | |
| 88267 | Tatum | NM | $136,683 | $1,035 | 5.91% | |
| 88242 | Hobbs | NM | $298,626 | $1,359 | 3.55% | |
| 88252 | Jal | NM | $149,069 | $972 | 5.09% | |
| 88242 | Hobbs | NM | $266,824 | $1,359 | 3.97% | |
| 88242 | Hobbs | NM | $292,719 | $1,359 | 3.62% | |
| 88252 | Jal | NM | $148,560 | $972 | 5.10% |
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About Hobbs, NM Real Estate Market
The Hobbs, NM metropolitan statistical area (MSA) encompasses 5 cities and 6 ZIP codes. The average home value across the metro is $186,775, with an average monthly rent of $1,178. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.