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Learn about the people, housing, costs and businesses in Hobbs, New Mexico
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Hobbs.
True all-in cost — P&I, taxes, insurance & utilities for homes in Hobbs.
Find and compare lenders active near Hobbs.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Hobbs.
Seismic risk and earthquake insurance estimates for Hobbs.
Wildfire exposure and insurance estimates for Hobbs.
Cost of living, demographics, and community profile
As of today, the 30-year fixed mortgage rate for Hobbs is approximately 7.036% (7.077% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for HobbsThe median home value in Hobbs is $178k. The median monthly rent is $1,104. Annual property taxes average $934. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Hobbs have increased 11.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $957/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hobbs is $68k/year.
Calculate your buying powerThe largest employment sectors in Hobbs are public administration (16%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.