Home prices
The median home cost in Hobbs is $140,600. Compared to its surrounding areas it is approximately $14,400 (11%) higher.It is approximately $76,900 (35%) lower in comparison to the country as a whole, and it is approximately $78,900 (35%) lower in comparison to the city of Midland.
Rents
The median rent in Hobbs is $895 per month. In comparison to the surrounding areas it is is very similar.It is about $167 (15%) lower compared to the US as a whole, and in comparison to the city of Midland it is about $367 (29%) lower.
Nearby places
North Hobbs
North Hobbs is Hobbs's neighbor to the northeast. Housing prices there are a bit more expensive. The median home in North Hobbs is valued at $186,000, which comes out to $45,400 (24%) higher than Hobbs. Rents there are somewhat more expensive. In North Hobbs the median monthly rent is $1,007, which works out to $112 (11%) higher than Hobbs.
Lovington
Lovington is about 16 miles northwest of Hobbs. Real estate prices there are somewhat less expensive. The median home in Lovington is valued at $116,800, which comes out to $23,800 (20%) lower than Hobbs. Rents there are a bit less expensive. The median monthly rent in Lovington is $824, which is $71 (8%) lower than Hobbs.
Eunice
Eunice is roughly 21 miles south of Hobbs. The real estate prices there are significantly less expensive. The price of the median home in Eunice is $90,600, which is $50,000 (55%) lower than Hobbs. Rents there are somewhat more expensive. Eunice's median rent is $1,048 a month, which works out to $153 (14%) higher than Hobbs.
Denver City
Denver City is approximately 24 miles northeast from Hobbs. The housing prices there are somewhat less expensive. The median home in Denver City is valued at $118,200, which works out to $22,400 (18%) lower than Hobbs. Rent there is somewhat less expensive. In Denver City the median monthly rent is $829, which works out to $66 (7%) lower than Hobbs.
Seminole
Seminole is about 26 miles east from Hobbs. Its real estate prices are somewhat less expensive. Seminole's median home price is $119,400, which works out to $21,200 (17%) lower than Hobbs. Its rents are a bit less expensive. The median rent in Seminole is $769 a month, which comes out to $126 (16%) lower than Hobbs.
