House Prices

Highland Hobbs, NM House Prices & Home Values 2026


Average Data

average house price$269,767
average size per house2246 ft²
average price per ft²133 $ / ft²

04/16/2026 - The value range (VR) for house prices in Highland Hobbs, NM is $126.35/ sqft to $139.65/ sqft. An average home with 2246 sqft costs approximately $311,877 to $344,706. 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 $133. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes Highland Hobbs

88240133 $ / ft²




Historical development of home values in Highland Hobbs

Year Estimated value (USD) Change vs. 2025
2010 $125,285 -53.6%
2011 $120,440 -55.4%
2012 $120,116 -55.5%
2013 $124,605 -53.8%
2014 $130,801 -51.5%
2015 $137,514 -49.0%
2016 $144,691 -46.4%
2017 $152,500 -43.5%
2018 $160,931 -40.3%
2019 $168,394 -37.6%
2020 $177,099 -34.4%
2021 $201,431 -25.3%
2022 $234,823 -13.0%
2023 $247,632 -8.2%
2024 $261,957 -2.9%
2025 $269,767 0.0%

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



Example: 100% financing house in Highland Hobbs

Loan amount: $269,767

Interest rate: 6.59%

Fixed monthly payment: $1,721.82

Breakdown in the 1st month:
Interest portion: $1,482.37  –  Principal portion: $239.45

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,699.98 $2,961.88 $266,805.12
2 $17,498.67 $3,163.20 $263,641.93
3 $17,283.66 $3,378.20 $260,263.73
4 $17,054.05 $3,607.81 $256,655.91
5 $16,808.83 $3,853.04 $252,802.88
6 $16,546.93 $4,114.93 $248,687.95
7 $16,267.24 $4,394.62 $244,293.33
8 $15,968.54 $4,693.32 $239,600.01
9 $15,649.54 $5,012.32 $234,587.69
10 $15,308.85 $5,353.01 $229,234.68
11 $14,945.01 $5,716.85 $223,517.83
12 $14,556.44 $6,105.43 $217,412.40
13 $14,141.45 $6,520.41 $210,891.99
14 $13,698.26 $6,963.60 $203,928.39
15 $13,224.94 $7,436.92 $196,491.47
16 $12,719.46 $7,942.40 $188,549.07
17 $12,179.61 $8,482.25 $180,066.82
18 $11,603.08 $9,058.78 $171,008.04
19 $10,987.35 $9,674.51 $161,333.53
20 $10,329.78 $10,332.08 $151,001.45
21 $9,627.51 $11,034.35 $139,967.10
22 $8,877.51 $11,784.36 $128,182.74
23 $8,076.53 $12,585.34 $115,597.41
24 $7,221.10 $13,440.76 $102,156.65
25 $6,307.54 $14,354.33 $87,802.32
26 $5,331.88 $15,329.99 $72,472.34
27 $4,289.90 $16,371.96 $56,100.37
28 $3,177.10 $17,484.76 $38,615.61
29 $1,988.66 $18,673.20 $19,942.41
30 $719.45 $19,942.41 $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 Highland Hobbs, NM


1500 sqft3900 sqft
Ø selling price$265,294$564,351
Ø fast selling$241,176$507,916
Ø high price sale$289,411$620,786

In 2026, houses in Highland Hobbs, NM will be offered at an average price of $133 per square foot. A 1,500 sqft home priced at $265,294 is 25.28% more expensive per square foot than a 3,900 sqft home priced at $564,351. Home prices in Highland 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 $390,705. Sellers who can wait longer may achieve a higher price of up to $477,528.


Discover Highland in Hobbs, NM

Location & Character

The Highland neighborhood in Hobbs, NM is a well-established residential area known for quiet streets and a friendly, small-town feel. Its convenient location places residents within easy reach of key Hobbs employers and attractions across Lea County.

Housing & Real Estate

Homebuyers searching for homes for sale in Highland Hobbs, NM will find a mix of affordable single-family homes, classic ranch-style layouts, and updated properties, appealing to first-time buyers and investors. Steady demand from the local energy economy supports home values while keeping the cost of living competitive.

Schools & Education

Families are served by Hobbs Municipal Schools, with nearby campuses and school activities that anchor community life. Proximity to school playgrounds and youth programs adds to Highland?s family-friendly reputation.

Parks, Dining, and Daily Amenities

Residents enjoy access to local parks, fitness options, grocery stores, and casual dining, with popular retail corridors just a short drive away. Weekend plans range from youth sports to community events in downtown Hobbs and nearby cultural venues.

Commuting & Lifestyle

Highland offers convenient drives to major routes like US-62/180 and NM-18, simplifying commutes to jobs throughout Lea County and the regional oil and gas sector.
Quiet evenings, walkable blocks, and engaged neighbors make Highland Hobbs NM a practical and welcoming place to call home.



FAQ – Home Values in Highland Hobbs

What is the median home value in Highland Hobbs in 2026?

In 2026, the typical home value in Highland Hobbs is about $269,767 for an average home size of 2246 square feet. This corresponds to an average price of roughly $133 per square foot.

What is the average cost per square foot in Highland Hobbs?

In 2026, homes in Highland Hobbs sell for an average of around $133 per square foot, with a typical range between $126.35 and $139.65 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Highland?

The average home size in Highland Hobbs is about 2246 square feet, with an estimated 2026 value around $269,767.



Neighborhoods close to Highland 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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