House Prices

College Lane Hobbs, NM House Prices & Home Values 2026


Average Data

average house price$243,747
average size per house2029 ft²
average price per ft²120 $ / ft²

04/16/2026 - The value range (VR) for house prices in College Lane Hobbs, NM is $114/ sqft to $126/ sqft. An average home with 2029 sqft costs approximately $229,687 to $253,865. Hobbs, NM includes 1 ZIP codes and it is located in Lea county. The lowest prices are found in ZIP 88240, while the highest are in ZIP 88240. The average price per sqare feet is $120. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes College Lane Hobbs

88240121 $ / ft²




Historical development of home values in College Lane Hobbs

Year Estimated value (USD) Change vs. 2025
2010 $113,201 -53.6%
2011 $108,823 -55.4%
2012 $108,530 -55.5%
2013 $112,587 -53.8%
2014 $118,185 -51.5%
2015 $124,251 -49.0%
2016 $130,735 -46.4%
2017 $137,791 -43.5%
2018 $145,409 -40.3%
2019 $152,151 -37.6%
2020 $160,017 -34.4%
2021 $182,002 -25.3%
2022 $212,173 -13.0%
2023 $223,747 -8.2%
2024 $236,691 -2.9%
2025 $243,747 0.0%

Graph: estimated home values in College Lane Hobbs over time (USD)



Example: 100% financing house in College Lane Hobbs

Loan amount: $243,747

Interest rate: 5.96%

Fixed monthly payment: $1,454.81

Breakdown in the 1st month:
Interest portion: $1,210.20  –  Principal portion: $244.61

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,440.95 $3,016.78 $240,730.22
2 $14,256.22 $3,201.51 $237,528.70
3 $14,060.18 $3,397.56 $234,131.14
4 $13,852.13 $3,605.60 $230,525.54
5 $13,631.34 $3,826.39 $226,699.15
6 $13,397.04 $4,060.70 $222,638.46
7 $13,148.38 $4,309.35 $218,329.11
8 $12,884.50 $4,573.23 $213,755.88
9 $12,604.47 $4,853.27 $208,902.61
10 $12,307.28 $5,150.45 $203,752.16
11 $11,991.90 $5,465.84 $198,286.32
12 $11,657.20 $5,800.53 $192,485.79
13 $11,302.01 $6,155.72 $186,330.06
14 $10,925.07 $6,532.66 $179,797.40
15 $10,525.05 $6,932.69 $172,864.71
16 $10,100.53 $7,357.21 $165,507.51
17 $9,650.02 $7,807.72 $157,699.79
18 $9,171.92 $8,285.82 $149,413.97
19 $8,664.54 $8,793.19 $140,620.78
20 $8,126.10 $9,331.64 $131,289.14
21 $7,554.68 $9,903.05 $121,386.09
22 $6,948.28 $10,509.46 $110,876.63
23 $6,304.74 $11,153.00 $99,723.64
24 $5,621.79 $11,835.94 $87,887.70
25 $4,897.03 $12,560.71 $75,326.99
26 $4,127.88 $13,329.85 $61,997.14
27 $3,311.64 $14,146.09 $47,851.05
28 $2,445.42 $15,012.32 $32,838.73
29 $1,526.15 $15,931.59 $16,907.14
30 $550.59 $16,907.14 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in College Lane Hobbs, NM


1500 sqft3900 sqft
Ø selling price$216,276$460,077
Ø fast selling$196,615$414,070
Ø high price sale$235,937$506,085

In 2026, houses in College Lane Hobbs, NM will be offered at an average price of $120 per square foot. A 1,500 sqft home priced at $216,276 is 22.84% more expensive per square foot than a 3,900 sqft home priced at $460,077. Home prices in College Lane Hobbs, NM vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $318,515. Sellers who can wait longer may achieve a higher price of up to $389,296.

FAQ – Home Values in College Lane Hobbs

What is the median home value in College Lane Hobbs in 2026?

In 2026, the typical home value in College Lane Hobbs is about $243,747 for an average home size of 2029 square feet. This corresponds to an average price of roughly $120 per square foot.

What is the average cost per square foot in College Lane Hobbs?

In 2026, homes in College Lane Hobbs sell for an average of around $120 per square foot, with a typical range between $114 and $126 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in College Lane?

The average home size in College Lane Hobbs is about 2029 square feet, with an estimated 2026 value around $243,747.



Neighborhoods close to College Lane Hobbs, NM

Canyon Hills Alamogordo, NM129 $ / ft²
Upper Canyon Ruidoso, NM184 $ / ft²
La Huerta Carlsbad, NM110 $ / ft²
El Potrero Chimayo, NM327 $ / ft²
Downtown Gallup Gallup, NM133 $ / ft²
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