Home prices
The median home in North Hobbs is valued at $186,000. In comparison to the surrounding areas this is roughly $68,880 (58%) higher.It is roughly $31,500 (14%) lower compared to the rest of the nation, and it is about $33,500 (15%) lower compared to the city of Midland.
Rents
The median monthly rent in North Hobbs is $1,007. It is about $134 (15%) higher in comparison to its nearby areas.It is about $55 (5%) lower in comparison to the US as a whole, and is roughly $255 (20%) lower compared to the city of Midland.
Nearby places
Hobbs
Hobbs is North Hobbs's neighbor to the southwest. The housing prices there are substantially less expensive. The median home price in Hobbs is $140,600, which comes out to $45,400 (32%) lower than North Hobbs. Its rents are a bit less expensive. In Hobbs the median rent is $895 a month, which comes out to $112 (12%) lower than North Hobbs.
Lovington
Lovington is approximately 14 miles northwest of North Hobbs. The housing prices there are a lot less expensive. The median home in Lovington costs $116,800, which works out to $69,200 (59%) lower than North Hobbs. Rent there is a little less expensive. Lovington's median monthly rent is $824, which is $183 (22%) lower than North Hobbs.
Denver City
Denver City is approximately 20 miles northeast of North Hobbs. Real estate prices there are a lot less expensive. The median home in Denver City is valued at $118,200, which works out to $67,800 (57%) lower than North Hobbs. Its rents are a bit less expensive. In Denver City the median monthly rent is $829, which comes out to $178 (21%) lower than North Hobbs.
Eunice
Eunice is roughly 24 miles south of North Hobbs. Real estate prices there are significantly less expensive. The median home cost in Eunice is $90,600, which works out to $95,400 (105%) lower than North Hobbs. Rents there are similar. Eunice's median rent is $1,048 a month, which works out to $41 (3%) higher than North Hobbs.
Seminole
Seminole is roughly 24 miles east of North Hobbs. The housing prices there are substantially less expensive. The median home in Seminole is valued at $119,400, which is $66,600 (55%) lower than North Hobbs. Its rents are somewhat less expensive. The median rent in Seminole is $769 a month, which works out to $238 (30%) lower than North Hobbs.
