Hobbs, Lea County, NM Housing Trends, Rent, Price-to-Rent

Market Summary

Hobbs, Lea County, NM

Median Home Price Price

$198,050 $198.1K

Median Monthly Rent Rent

$1,253 $1.3K

GRM

13.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Hobbs, NM is $1,253, with MoM change +$11 and YoY change +$61 pointing to positive momentum while volatility is low (std $15).

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Metric

Base market Hobbs, NM

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Delta vs base

Median rent

$1,253

N/A

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Median price

$198,050

N/A

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YoY change

+$61

N/A

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Price-to-rent

13.2x

Data unavailable

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