House Prices

Southern Heights Hobbs, NM House Prices & Home Values 2026


Average Data

average house price$267,803
average size per house2230 ft²
average price per ft²132 $ / ft²

04/16/2026 - The value range (VR) for house prices in Southern Heights Hobbs, NM is $125.4/ sqft to $138.6/ sqft. An average home with 2230 sqft costs approximately $305,090 to $337,205. 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 $132. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes Southern Heights Hobbs

88240133 $ / ft²




Historical development of home values in Southern Heights Hobbs

Year Estimated value (USD) Change vs. 2025
2010 $124,373 -53.6%
2011 $119,563 -55.4%
2012 $119,241 -55.5%
2013 $123,698 -53.8%
2014 $129,849 -51.5%
2015 $136,513 -49.0%
2016 $143,637 -46.4%
2017 $151,390 -43.5%
2018 $159,760 -40.3%
2019 $167,168 -37.6%
2020 $175,809 -34.4%
2021 $199,964 -25.3%
2022 $233,113 -13.0%
2023 $245,829 -8.2%
2024 $260,050 -2.9%
2025 $267,803 0.0%

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



Example: 100% financing house in Southern Heights Hobbs

Loan amount: $267,803

Interest rate: 6.55%

Fixed monthly payment: $1,700.81

Breakdown in the 1st month:
Interest portion: $1,460.87  –  Principal portion: $239.94

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,442.41 $2,967.27 $264,835.73
2 $17,242.24 $3,167.45 $261,668.28
3 $17,028.56 $3,381.12 $258,287.16
4 $16,800.47 $3,609.21 $254,677.94
5 $16,556.99 $3,852.69 $250,825.25
6 $16,297.09 $4,112.59 $246,712.66
7 $16,019.65 $4,390.03 $242,322.63
8 $15,723.50 $4,686.18 $237,636.45
9 $15,407.37 $5,002.31 $232,634.13
10 $15,069.91 $5,339.77 $227,294.36
11 $14,709.69 $5,699.99 $221,594.37
12 $14,325.17 $6,084.51 $215,509.86
13 $13,914.71 $6,494.97 $209,014.88
14 $13,476.55 $6,933.13 $202,081.76
15 $13,008.85 $7,400.84 $194,680.92
16 $12,509.58 $7,900.10 $186,780.82
17 $11,976.64 $8,433.04 $178,347.79
18 $11,407.75 $9,001.93 $169,345.85
19 $10,800.48 $9,609.20 $159,736.65
20 $10,152.24 $10,257.44 $149,479.21
21 $9,460.27 $10,949.41 $138,529.79
22 $8,721.62 $11,688.06 $126,841.74
23 $7,933.14 $12,476.54 $114,365.20
24 $7,091.48 $13,318.21 $101,046.99
25 $6,193.03 $14,216.65 $86,830.34
26 $5,233.97 $15,175.71 $71,654.63
27 $4,210.22 $16,199.47 $55,455.16
28 $3,117.40 $17,292.28 $38,162.88
29 $1,950.86 $18,458.82 $19,704.06
30 $705.62 $19,704.06 $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 Southern Heights Hobbs, NM


1500 sqft3900 sqft
Ø selling price$261,382$556,031
Ø fast selling$237,620$500,428
Ø high price sale$285,144$611,634

In 2026, houses in Southern Heights Hobbs, NM will be offered at an average price of $132 per square foot. A 1,500 sqft home priced at $261,382 is 25.09% more expensive per square foot than a 3,900 sqft home priced at $556,031. Home prices in Southern Heights 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 $384,945. Sellers who can wait longer may achieve a higher price of up to $470,488.


Southern Heights in Hobbs, NM: Neighborhood Guide

Overview

Southern Heights in Hobbs, NM is a welcoming residential neighborhood known for quiet streets, local pride, and a friendly West Texas?meets?Southeast New Mexico vibe.
Located on the south side of Hobbs, the area offers quick connections to employers, services, and recreation across Lea County.

Housing & Real Estate

Buyers will find a mix of single-story ranch layouts, updated properties, and affordable starter homes for sale that make Southern Heights real estate appealing.
Many lots feature established trees, off-street parking, and yards that add value for everyday living and future projects.

Schools & Parks

Families are served by Hobbs Municipal schools, with nearby elementary, middle, and high school options and access to community programs.
Neighborhood parks, playfields, and city recreation facilities give residents space to walk the dog, practice sports, and unwind close to home.

Amenities & Convenience

Daily amenities such as groceries, dining, and services are within easy reach along Dal Paso Drive, Marland Boulevard, and other key corridors.
Healthcare, fitness centers, and retail hubs around central Hobbs provide convenient choices without long drives.

Commuting & Lifestyle

Commuters appreciate straightforward commute routes via US?62/180 and NM?18 to Permian Basin energy sites and regional job centers.
Weekend plans are simple too, with access to local events, golf, Zia Park entertainment, and the Lea County Fairgrounds in nearby Lovington.



FAQ – Home Values in Southern Heights Hobbs

What is the median home value in Southern Heights Hobbs in 2026?

In 2026, the typical home value in Southern Heights Hobbs is about $267,803 for an average home size of 2230 square feet. This corresponds to an average price of roughly $132 per square foot.

What is the average cost per square foot in Southern Heights Hobbs?

In 2026, homes in Southern Heights Hobbs sell for an average of around $132 per square foot, with a typical range between $125.4 and $138.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Southern Heights?

The average home size in Southern Heights Hobbs is about 2230 square feet, with an estimated 2026 value around $267,803.



Neighborhoods close to Southern Heights 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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