Why Live in North Hobbs
North Hobbs is a growing community located near the New Mexico-Texas state border, part of the larger Hobbs area in Lea County. Known for its residential and commercial development, North Hobbs features wide, quiet roads and views of the New Mexico desert. The neighborhood offers a mix of midcentury ranch-style homes and modern New Traditional structures, with new construction being prevalent due to the ample land available. Green Meadow Park, located on the west side, is a popular spot for fishing, with a large pond stocked with catfish and trout, as well as playgrounds and picnic areas. Golf enthusiasts can enjoy the Rockwind Community Links, which includes an 18-hole championship course and a 9-hole par-3 course. The Center of Recreation facility provides a pool, gym, and various all-ages activities, fostering community engagement. North Hobbs falls under Hobbs Municipal Schools, with students attending College Lane Elementary School, Houston Middle School, and Hobbs High School, which offers dual enrollment opportunities at the Career and Technical Education Center of Hobbs. Retail plazas on the south side feature big-box stores like Walmart Supercenter and The Home Depot, while downtown Hobbs, just 5 miles away, offers specialty shops and locally owned restaurants. Community events are frequent, with venues like the Lea County Event Center and the Western Heritage Museum hosting craft markets, charity auctions, and cultural exhibits. The area is safer than the national average, with primary roads such as state Road 18 and U.S. Route 62 facilitating quick commutes. Covenant Health Hobbs Hospital is located on the west side, providing nearby healthcare options.
Frequently Asked Questions
What is the average home price in North Hobbs, NM?
Homes for sale in North Hobbs, NM have an average home price of $365,335.
How many homes have sold over the last 12 months in North Hobbs, NM?
26 homes have sold in North Hobbs, NM over the last 12 months.
What are the most popular zip codes in North Hobbs, NM?
How much do you need to make to afford a house in North Hobbs?
The median home price in North Hobbs is $300,000. If you put a 20% down payment of $60,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,560 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $67K a year to afford the median home price in North Hobbs.
How are the schools in North Hobbs, NM?
Home Trends in North Hobbs, NM
On average, homes in North Hobbs, NM sell after 49 days on the market compared to the national average of 50 days. The median sale price for homes in North Hobbs, NM over the last 12 months is $275,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$275,000
Median Single Family Sale Price
$287,450
Average Price Per Sq Ft
$163
Number of Homes for Sale
1
Last 12 months Home Sales
26
Median List Price
$300,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
