2026 Affordability Data
Most Affordable Neighborhoods in Hobbs - 2026 Data
The median home value in Hobbs is $165,000, 41% below nat'l avg. Median rent is $714/month. With an affordability index of 136, Hobbs is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Hobbs, NM area.
Key Takeaways: Affordability in Hobbs
- 1The most affordable neighborhood in Hobbs is Clovis, with a median home value of $148,400.
- 2Hobbs's median home value is $165,000, 41% below nat'l avg (national: $281,900).
- 3Hobbs's affordability index is 136 (baseline 100), making it more affordable than the national average.
- 4Median rent in Hobbs is $714/month, 39% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Hobbs to find the most affordable areas based on home values, rent, and affordability index.
Hobbs Affordability Overview
Median Home Value
$165,000
41% below nat'l avg
Median Rent
$714/mo
39% below nat'l avg
Median Income
$63,804
14% below nat'l avg
Affordability Index
136
36% above nat'l avg
Most Affordable Neighborhoods in Hobbs (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | ClovisNM | $148,400 |
| 2 | EspañolaNM | $188,100 |
| 3 | DemingNM | $101,900 |
| 4 | GallupNM | $143,500 |
| 5 | GrantsNM | $137,100 |
| 6 | PortalesNM | $124,000 |
| 7 | Silver CityNM | $150,100 |
| 8 | Las CrucesNM | $197,200 |
| 9 | Sunland ParkNM | $175,200 |
| 10 | BernalilloNM | $213,000 |
| 11 | LovingtonNM | $151,000 |
| 12 | Las VegasNM | $131,500 |
| 13 | Los Lunas villageNM | $212,600 |
| 14 | Rio RanchoNM | $246,700 |
| 15 | AlamogordoNM | $148,500 |
Detailed Neighborhood Profiles
Home Value: $148,400
Rent: $714/mo
Affordability: 136
Population: 38,453
Walk Score: 0/100
Home Value: $188,100
Rent: $714/mo
Affordability: 136
Population: 10,473
Walk Score: 0/100
Home Value: $101,900
Rent: $714/mo
Affordability: 136
Population: 14,756
Walk Score: 0/100
4
Home Value: $143,500
Rent: $714/mo
Affordability: 136
Population: 21,672
Walk Score: 0/100
5
Home Value: $137,100
Rent: $714/mo
Affordability: 136
Population: 9,177
Walk Score: 0/100
6
Home Value: $124,000
Rent: $714/mo
Affordability: 136
Population: 12,085
Walk Score: 0/100
7
Home Value: $150,100
Rent: $714/mo
Affordability: 136
Population: 9,650
Walk Score: 0/100
8
Home Value: $197,200
Rent: $714/mo
Affordability: 136
Population: 111,273
Walk Score: 0/100
9
Home Value: $175,200
Rent: $714/mo
Affordability: 136
Population: 16,773
Walk Score: 0/100
10
Home Value: $213,000
Rent: $714/mo
Affordability: 136
Population: 9,286
Walk Score: 0/100
11
Home Value: $151,000
Rent: $714/mo
Affordability: 136
Population: 11,495
Walk Score: 0/100
12
Home Value: $131,500
Rent: $714/mo
Affordability: 136
Population: 13,194
Walk Score: 0/100
13
Home Value: $212,600
Rent: $714/mo
Affordability: 136
Population: 17,452
Walk Score: 0/100
14
Home Value: $246,700
Rent: $714/mo
Affordability: 136
Population: 104,351
Walk Score: 0/100
15
Home Value: $148,500
Rent: $714/mo
Affordability: 136
Population: 30,996
Walk Score: 0/100
Frequently Asked Questions About Affordability in Hobbs
What is the most affordable neighborhood in Hobbs, NM?▾
Based on 2026 data, Clovis is the most affordable neighborhood in Hobbs with a median home value of $148,400. Kurby analyzed 15 neighborhoods in the Hobbs area to compile these rankings.
What is the median home price in Hobbs, NM?▾
The median home price in Hobbs is $165,000, which is 41% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Hobbs affordable compared to the national average?▾
Hobbs has an affordability index of 136, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Hobbs, NM?▾
The median monthly rent in Hobbs is $714. This is 39% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Hobbs?▾
The median household income in Hobbs is $63,804 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Hobbs are below the national average home price?▾
15 out of 15 ranked neighborhoods in Hobbs have a median home value below the national average of $281,900. The most affordable is Clovis at $148,400 (Source: Kurby, 2026).