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Hobbs, NM Housing

 
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As of 2006-2010, median price of a house in Hobbs is $93,000, which is much lower than the state average of $161,200 and is much lower than the national average of $179,900. The Hobbs median house value has grown by 81.64% since 2000. The growth rate for the price of a house in Hobbs is higher than the state average rate of 49.12% and is higher than the national average rate of 50.42%. The median year that a house in Hobbs was built is 1969, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 7,439 Owner Occupied Houses in Hobbs, NM, #220
Hobbs, NM
93,000 USD
New Mexico
158,400 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #38
Hobbs, NM
81.64%
New Mexico
49.12%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Hobbs, NM%New MexicoU.S.
Total Housing Units12,900, see rank100%901,388131,704,730
Occupied Housing Units11,62990.15%, see rank87.80%88.62%
Owner Occupied7,30756.64%, see rank60.14%57.69%
Renter Occupied4,32233.50%, see rank27.65%30.93%
Vacant Housing Units1,2719.85%, see rank12.20%11.38%
For Rent6064.70%, see rank2.46%3.14%
For Sale Only830.64%, see rank1.23%1.44%
Rented or Sold, Not Occupied360.28%, see rank0.38%0.48%
For Seasonal, Recreational, or Occasional Use890.69%, see rank4.06%3.53%
For Migrant Workers20.02%, see rank0.03%0.02%
Other Vacant4553.53%, see rank4.05%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #316
Hobbs, NMNew MexicoU.S.
196919801975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Hobbs, NM%New MexicoU.S.
Owner-Occupied Units7,439100%526,58576,089,650
With a Mortgage3,79451.00%, see rank61.11%67.94%
Without a Mortgage3,64549.00%, see rank38.89%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Hobbs, NM
931 USD
New Mexico
1,194 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsHobbs, NM%New MexicoU.S.
$299 or Less00.00%, see rank0.40%0.22%
$300 to $4991905.01%, see rank3.52%1.85%
$500 to $69965517.26%, see rank9.76%5.39%
$700 to $9991,31834.74%, see rank22.48%14.41%
$1,000 to $1,4991,21031.89%, see rank32.61%27.08%
$1,500 to $1,9992346.17%, see rank16.79%19.94%
$2,000 to $2,9991874.93%, see rank10.61%19.39%
$3,000 or More00.00%, see rank3.83%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hobbs, NM
19.60% of the Total Income
New Mexico
23.50% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Hobbs, NM%New MexicoU.S.
10% or Less43911.57%, see rank6.54%4.85%
10% to 20%1,50539.67%, see rank32.56%28.90%
20% to 30%1,02727.07%, see rank26.34%28.42%
30% to 40%3449.07%, see rank14.02%15.27%
40% or More42511.20%, see rank20.07%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Hobbs, NM
275 USD
New Mexico
303 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsHobbs, NM%New MexicoU.S.
$199 or Less84723.24%, see rank21.60%8.92%
$200 to $2991,34636.93%, see rank27.91%16.68%
$300 to $4991,26834.79%, see rank35.12%35.65%
$500 to $6991363.73%, see rank10.61%20.07%
$700 or More481.32%, see rank4.76%18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hobbs, NM
10.00% of the Total Income
New Mexico
10.00% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Hobbs, NM%New MexicoU.S.
10% or Less1,86351.11%, see rank50.05%38.92%
10% to 20%1,01727.90%, see rank27.88%31.98%
20% to 30%3028.29%, see rank9.37%12.67%
30% to 40%1213.32%, see rank4.46%5.90%
40% or More3198.75%, see rank7.15%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Hobbs, NM%New MexicoU.S.
Total Housing Units12,823100%887,890130,038,080
1-unit, Detached9,09670.94%, see rank64.32%61.62%
1-unit, Attached3522.75%, see rank3.81%5.74%
2 Units4663.63%, see rank1.87%3.88%
3 or 4 Units3742.92%, see rank3.76%4.47%
5 to 9 Units2531.97%, see rank2.88%4.84%
10 or More Units8236.42%, see rank6.50%12.68%
Mobile Home, Boat, RV, Van, etc.1,45911.38%, see rank16.86%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Hobbs, NM%New MexicoU.S.
Total Housing Units12,823100%887,890130,038,080
1 Room3072.39%, see rank2.25%1.59%
2 Rooms3182.48%, see rank2.47%2.62%
3 Rooms7205.61%, see rank7.84%9.02%
4 Rooms2,68620.95%, see rank17.85%16.85%
5 Rooms3,37726.34%, see rank25.42%20.93%
6 Rooms2,80821.90%, see rank20.29%18.56%
7 Rooms1,53411.96%, see rank12.12%12.38%
8 Rooms6264.88%, see rank6.42%8.39%
9 Rooms or More4473.49%, see rank5.33%9.65%
Median Rooms5.20, see rank-5.305.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Hobbs, NM%New MexicoU.S.
Total Housing Units12,823100%887,890130,038,080
No Bedroom3863.01%, see rank2.50%1.84%
1 Bedroom8346.50%, see rank9.70%11.32%
2 Bedrooms3,71028.93%, see rank26.15%27.20%
3 Bedrooms6,56451.19%, see rank45.97%39.80%
4 Bedrooms1,29010.06%, see rank13.57%15.80%
5 or More Bedrooms390.30%, see rank2.12%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Hobbs, NM%New MexicoU.S.
Total Housing Units11,081100%756,112114,235,996
Utility Gas6,83561.68%, see rank67.51%49.91%
Bottled, Tank, or LP Gas2592.34%, see rank10.76%5.38%
Electricity3,92035.38%, see rank13.96%34.20%
Fuel Oil, Kerosene, etc.00.00%, see rank0.14%7.07%
Coal or Coke00.00%, see rank0.07%0.12%
Wood470.42%, see rank6.44%1.97%
Solar Energy00.00%, see rank0.33%0.03%
Other Fuel00.00%, see rank0.61%0.42%
No Fuel Used200.18%, see rank0.17%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalHobbs, NM%New MexicoU.S.
Occupied Units Paying Rent3,327100%208,42335,969,315
$199 or Less1243.73%, see rank3.03%2.25%
$200 to $2992908.72%, see rank3.93%3.41%
$300 to $49962618.82%, see rank16.43%9.80%
$500 to $69978123.47%, see rank28.97%19.41%
$700 to $99990127.08%, see rank28.19%29.88%
$1,000 to $1,49943413.04%, see rank16.20%23.51%
$1,500 to $1,999892.68%, see rank2.26%7.56%
$2,000 or More822.46%, see rank0.99%4.16%
Median$645, see rank-$683$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Hobbs, NM%New MexicoU.S.
Occupied Housing Units11,081100%756,112114,235,996
No Vehicles Available5935.35%, see rank5.54%8.85%
1 Vehicles Available3,94535.60%, see rank33.26%33.28%
2 Vehicles Available4,33639.13%, see rank37.98%37.87%
3 or More Vehicles Available2,20719.92%, see rank23.22%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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