House Prices

North Hobbs Hobbs, NM House Prices & Home Values 2026


Average Data

average house price$263,876
average size per house2197 ft²
average price per ft²130 $ / ft²

04/16/2026 - The value range (VR) for house prices in North Hobbs Hobbs, NM is $123.5/ sqft to $136.5/ sqft. An average home with 2197 sqft costs approximately $291,680 to $322,383. 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 $130. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes North Hobbs Hobbs

88240131 $ / ft²




Historical development of home values in North Hobbs Hobbs

Year Estimated value (USD) Change vs. 2025
2010 $122,549 -53.6%
2011 $117,810 -55.4%
2012 $117,493 -55.5%
2013 $121,884 -53.8%
2014 $127,945 -51.5%
2015 $134,511 -49.0%
2016 $141,531 -46.4%
2017 $149,170 -43.5%
2018 $157,417 -40.3%
2019 $164,716 -37.6%
2020 $173,231 -34.4%
2021 $197,032 -25.3%
2022 $229,695 -13.0%
2023 $242,224 -8.2%
2024 $256,237 -2.9%
2025 $263,876 0.0%

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



Example: 100% financing house in North Hobbs Hobbs

Loan amount: $263,876

Interest rate: 6.45%

Fixed monthly payment: $1,659.21

Breakdown in the 1st month:
Interest portion: $1,418.33  –  Principal portion: $240.87

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $16,933.00 $2,977.50 $260,898.50
2 $16,735.17 $3,175.33 $257,723.17
3 $16,524.20 $3,386.30 $254,336.87
4 $16,299.21 $3,611.29 $250,725.58
5 $16,059.27 $3,851.23 $246,874.35
6 $15,803.39 $4,107.11 $242,767.24
7 $15,530.51 $4,379.99 $238,387.25
8 $15,239.49 $4,671.01 $233,716.24
9 $14,929.15 $4,981.35 $228,734.89
10 $14,598.18 $5,312.32 $223,422.56
11 $14,245.22 $5,665.28 $217,757.28
12 $13,868.81 $6,041.69 $211,715.60
13 $13,467.39 $6,443.11 $205,272.49
14 $13,039.30 $6,871.20 $198,401.29
15 $12,582.77 $7,327.73 $191,073.57
16 $12,095.91 $7,814.59 $183,258.97
17 $11,576.70 $8,333.80 $174,925.17
18 $11,022.99 $8,887.51 $166,037.66
19 $10,432.49 $9,478.01 $156,559.65
20 $9,802.76 $10,107.74 $146,451.90
21 $9,131.19 $10,779.32 $135,672.59
22 $8,414.99 $11,495.51 $124,177.08
23 $7,651.22 $12,259.29 $111,917.80
24 $6,836.69 $13,073.81 $98,843.99
25 $5,968.05 $13,942.45 $84,901.54
26 $5,041.70 $14,868.81 $70,032.73
27 $4,053.79 $15,856.71 $54,176.02
28 $3,000.25 $16,910.25 $37,265.77
29 $1,876.71 $18,033.79 $19,231.98
30 $678.52 $19,231.98 $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 North Hobbs Hobbs, NM


1500 sqft3900 sqft
Ø selling price$253,647$539,575
Ø fast selling$230,588$485,618
Ø high price sale$276,705$593,533

In 2026, houses in North Hobbs Hobbs, NM will be offered at an average price of $130 per square foot. A 1,500 sqft home priced at $253,647 is 24.72% more expensive per square foot than a 3,900 sqft home priced at $539,575. Home prices in North Hobbs 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 $373,552. Sellers who can wait longer may achieve a higher price of up to $456,564.

FAQ – Home Values in North Hobbs Hobbs

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

In 2026, the typical home value in North Hobbs Hobbs is about $263,876 for an average home size of 2197 square feet. This corresponds to an average price of roughly $130 per square foot.

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

In 2026, homes in North Hobbs Hobbs sell for an average of around $130 per square foot, with a typical range between $123.5 and $136.5 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in North Hobbs?

The average home size in North Hobbs Hobbs is about 2197 square feet, with an estimated 2026 value around $263,876.



Neighborhoods close to North Hobbs 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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