Zip 88242 (North Hobbs, NM) Housing

Housing in 88242 North Hobbs, NM is relatively affordable compared to other parts of the country. The median value there is $212,700, compared to the US median house value of $338,100. In the past year, the US housing market has appreciated by 8.27%, while houses in 88242 North Hobbs, NM have only risen by 4.31%. Despite not having as much appreciation as other places in America, this area still offers a great deal for homebuyers looking for an affordable place to live.

The median home cost in North Hobbs (zip 88242) is $212,700. Home appreciation the last 10 years has been 51.7%. Home Appreciation in North Hobbs (zip 88242) is up 6.2%.

Average Age of Homes

- The median age of North Hobbs (zip 88242) real estate is 29 years old

The Rental Market in North Hobbs (zip 88242)

- Renters make up 10.6% of the North Hobbs (zip 88242) population
- 1.9% of houses and apartments in North Hobbs (zip 88242), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	North Hobbs, New Mexico	United States
	2,824.0	139,647,020.0
	30	42
	$212,700	$338,100
	6.2%	16.6%
	33.1%	57.0%
	51.7%	101.1%
	$4.80	$10.98
	$990	$2,690
	73.8%	57.4%
	7.7%	11.2%
	18.5%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.7%	0.4%
	0.5%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	8.6%	2.6%
	3.5%	2.4%
	3.0%	2.8%
	1.3%	3.9%
	3.2%	4.5%
	10.9%	11.3%
	16.8%	13.0%
	35.3%	20.1%
	11.6%	13.6%
	1.0%	8.3%
	2.9%	9.7%
	1.4%	3.9%
	0.0%	2.2%
	0.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	19.9%	13.6%
	19.9%	13.6%
	17.5%	13.6%
	22.5%	13.2%
	17.1%	14.8%
	17.5%	13.6%
	2.4%	10.0%
	2.5%	4.7%
	0.9%	12.2%

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