Located in Southeastern New Mexico, the neighborhoods in Hobbs offer a range of options for real estate investors. For those interested in attracting renters in the professional and energy sectors, neighborhoods like North Acres and the Zia Crossing development offer newer homes and easy access to commercial areas and amenities.
Hobbs' affordable property prices and steady demand make it a favorable market for investors who want to secure stable rental income. A high employment rate, strong economic base, and recreational amenities make Hobbs a real estate investment opportunity worth exploring.
The economy of Hobbs is primarily anchored by the oil and gas industry, with major employers like Chevron and Oxy Permian EOR operating in the region. The city is part of the Permian Basin, one of the most productive oil fields in the country, and attracts workers from around the United States. This consistent demand for labor translates into a strong need for housing, from short-term rentals for transient workers to more permanent housing for families and long-term residents.
Popular Streets in Hobbs, New Mexico
Dal Paso St34232$241,3441,578 Sq.Ft.5/28/2025Dunnam St19021$153,0891,062 Sq.Ft.5/28/2025Grimes St22842$319,6682,230 Sq.Ft.5/19/2025Jefferson St19443$200,7841,805 Sq.Ft.3/18/2025Kansas St18942$245,4671,534 Sq.Ft.5/16/2025Main St32132$208,5571,262 Sq.Ft.4/25/2025Marland St24331$335,7712,545 Sq.Ft.4/22/2025Midwest St22231$192,8361,155 Sq.Ft.5/9/2025Skelly St20731$136,3181,144 Sq.Ft.5/20/2025Texas St20032$196,0371,226 Sq.Ft.2/19/2025All Streets in Hobbs, New Mexico
El Centro2542$328,4802,118 Sq.Ft.3/12/2025Eldridge Rd1N/AN/A$487,0002,128 Sq.Ft.1/13/2023Eleanor Cir11N/AN/A$169,455N/A7/20/2018Elliot Rd1N/AN/A$472,000784 Sq.Ft.N/AElm Blvd35N/AN/A$175,1471,081 Sq.Ft.5/10/2024Elm St5632$206,7801,222 Sq.Ft.7/16/2024El Nido1432$375,0001,951 Sq.Ft.10/10/2024El Paso Dr14N/A$118,0002,432 Sq.Ft.6/13/2023Energy Pl2N/AN/A$320,000576 Sq.Ft.N/AE Nm 128 Hwy1N/AN/AN/AN/AN/AEnterprise Dr11N/AN/A$344,889N/A12/12/2024Enterprise Rd1N/AN/AN/AN/AN/AEpoca Cir1143$332,3001,979 Sq.Ft.4/18/2025Eubanks Ave2N/AN/A$166,000N/A3/18/2025Eugenia Ln932$384,5562,397 Sq.Ft.6/27/2023Eunice Hwy7532$271,5541,347 Sq.Ft.3/31/2025Evans St21N/AN/A$159,9051,136 Sq.Ft.10/29/2024Eva St2832$283,5711,763 Sq.Ft.4/29/2025Everglade St13N/AN/A$120,3331,087 Sq.Ft.6/14/2019Fairmont Ct3042$281,7672,531 Sq.Ft.9/8/2023Falcon Ln4N/AN/A$155,750840 Sq.Ft.12/17/2022Farquhar St2831$251,2861,408 Sq.Ft.10/3/2022Faught St133$740,000N/A10/24/2019Fellowship Ln2N/AN/A$124,0001,120 Sq.Ft.N/AFerrett St3N/AN/A$218,667609 Sq.Ft.N/AFiesta Dr2132$301,7622,103 Sq.Ft.2/7/2025Fifth St2N/AN/A$94,500960 Sq.Ft.N/AFinley Dr543$349,250N/A8/8/2024Fir St2N/AN/A$296,5001,036 Sq.Ft.N/AFirst Ave1N/AN/AN/AN/AN/AFirst St3N/AN/A$238,0001,568 Sq.Ft.N/AFlamingo Dr2032$210,9001,652 Sq.Ft.4/26/2024Florida St23N/A$295,5001,885 Sq.Ft.1/20/2023Ford Pl11N/AN/A$147,5451,334 Sq.Ft.N/AFourth St1N/AN/A$136,000N/AN/AFowler St17432$255,4391,492 Sq.Ft.4/21/2025Fox Ave2N/AN/A$368,0002,160 Sq.Ft.N/AFoxfire Ct2232$292,5911,596 Sq.Ft.1/30/2025French Dr2532$319,0911,856 Sq.Ft.5/8/2025Frey Ave3342$289,8181,948 Sq.Ft.5/12/2023Fristoe Ln1N/AN/AN/AN/AN/AFrog Leap Ct2232$309,6361,554 Sq.Ft.7/15/2024Frontier1N/AN/A$507,000720 Sq.Ft.N/AFulfer Ln1N/AN/A$693,000N/AN/AGamblin St2132$237,1901,416 Sq.Ft.12/20/2024Gantt Ave1432$238,0711,790 Sq.Ft.10/4/2022Garcia Pl8N/AN/A$193,0001,926 Sq.Ft.6/17/2019Garfield Ln73N/A$285,7141,164 Sq.Ft.10/13/2019Gary Ln3532$216,0571,621 Sq.Ft.1/3/2025Gasoline Aly1N/AN/A$487,0001,792 Sq.Ft.N/AGasper St4642$185,5001,524 Sq.Ft.4/3/2025Gasser Ln7N/AN/AN/A1,271 Sq.Ft.N/AGeneral Camp B St4N/AN/A$127,000N/A4/27/2023General Camp C St10N/AN/A$125,800N/A4/21/2022General Camp D St5N/AN/A$117,000N/AN/AGeneral Camp F St5N/AN/A$121,000N/A12/15/2020General Camp G St2N/AN/A$113,500N/AN/AGeneral Delivery5N/AN/A$125,600N/A12/13/2019Georgia Ave1932$250,3161,469 Sq.Ft.12/2/2024Geronimo Ln1N/AN/A$181,000N/A12/19/2024Gibbs St2531$479,6402,031 Sq.Ft.10/23/2023Gila Dr12831$168,4571,288 Sq.Ft.12/11/2024Gilbert Ave9N/AN/A$219,6251,742 Sq.Ft.N/AGill Rd1N/AN/A$185,000N/AN/AGilmore Rd1N/AN/A$487,0001,404 Sq.Ft.N/AGlorietta Dr2732$222,5831,226 Sq.Ft.12/14/2024Goff Pl8N/AN/A$942,5711,224 Sq.Ft.N/AGoings Rd1N/AN/A$322,000N/AN/AGoins Ln8N/AN/A$508,750893 Sq.Ft.N/AGold Ave8442$281,6672,303 Sq.Ft.9/30/2024Gold Ct932$368,3332,692 Sq.Ft.4/14/2025Goose Berry Dr943$393,7502,002 Sq.Ft.3/4/2025Grayson St8832$170,0801,358 Sq.Ft.3/4/2025Greebon St232$257,5001,803 Sq.Ft.5/15/2024Green Acres Dr12332$206,2501,831 Sq.Ft.11/14/2024Green Valley Trl2132$323,2001,959 Sq.Ft.3/4/2025Greenway132$348,000N/A3/19/2018Greenwood Pl2232$222,6672,178 Sq.Ft.8/8/2024Gregory St632$274,8332,007 Sq.Ft.7/10/2023Grey Ghost Rd4042$339,2752,053 Sq.Ft.4/23/2025Greyhound Pl3332$137,5151,522 Sq.Ft.2/21/2025Grimes St22842$319,6682,230 Sq.Ft.5/19/2025Guadalupe St642$224,8331,772 Sq.Ft.5/1/2025Gulf St7331$165,0141,343 Sq.Ft.1/2/2025Gum St9N/AN/A$340,8751,450 Sq.Ft.4/13/2023Gypsy St12532$166,500961 Sq.Ft.5/1/2025Hackberry St3N/AN/A$281,0001,280 Sq.Ft.N/AHalkins Ln1N/AN/A$215,000N/AN/AHallam St17N/AN/A$178,8671,521 Sq.Ft.8/12/2024Hamilton Dr2N/AN/A$106,000N/A10/15/2024Hand Hill Rd1N/AN/A$496,0001,960 Sq.Ft.4/10/2023Hannah Rd27N/AN/A$95,3461,127 Sq.Ft.9/8/2023Harden Blvd7N/A3$257,333N/AN/AHardtack Rd7242$326,9582,134 Sq.Ft.1/30/2025Hardy St2331$130,5221,207 Sq.Ft.4/29/2025Harrison Ave2N/AN/A$161,0001,216 Sq.Ft.3/20/2025Harris Rd2N/AN/A$336,0002,268 Sq.Ft.2/7/2018Harris St3N/AN/A$126,0001,120 Sq.Ft.N/AHarr St1N/AN/A$128,000N/AN/AHarvard Ct632$185,5001,838 Sq.Ft.4/28/20231700 N Jefferson StHobbs, NM 88240
Estimated Value $224,000
Living Area 1,963 SqFt
Beds 3
Baths 2
Year Built 1959
Property Type Single Family
Ownership Type Individual
APN 4 000 047 130 001
Municipality HOBBS
School District Hobbs Municipal Schools
1833 N Gila DrHobbs, NM 88240
Estimated Value $113,000
Living Area 972 SqFt
Beds 3
Baths 1
Year Built 1955
Property Type Single Family
Ownership Type Multiple
APN 4 000 020 660 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
1020 E Llano DrHobbs, NM 88240
Estimated Value $177,000
Living Area 2,010 SqFt
Beds 3
Baths 2
Year Built 1953
Property Type Single Family
Ownership Type Multiple
APN 4 000 131 820 001
Subdivision Mesa Verde Sub-Div
School District Hobbs Municipal Schools
615 W Berry DrHobbs, NM 88240
Estimated Value $133,000
Living Area 854 SqFt
Beds 2
Baths 1
Year Built 1985
Property Type Single Family
Ownership Type Individual
APN 4 000 774 010 001
Subdivision Broadmoor West
School District Hobbs Municipal Schools
1007 E Green Acres DrHobbs, NM 88240
Estimated Value $421,000
Living Area 4,896 SqFt
Beds 5
Baths 5
Year Built 1960
Property Type Single Family
Ownership Type Related
APN 4 000 172 360 001
Subdivision Green Acres Add
School District Hobbs Municipal Schools
1016 W Lea StHobbs, NM 88240
Estimated Value $153,000
Living Area 1,208 SqFt
Beds 3
Baths 2
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 4 000 167 430 001
Subdivision Westview Add
School District Hobbs Municipal Schools
618 E Scharbauer StHobbs, NM 88240
Estimated Value $126,000
Living Area 1,174 SqFt
Beds 3
Baths 1
Year Built 1955
Property Type Single Family
Ownership Type Related
APN 4 000 121 670 001
Subdivision Highland Park Add
School District Hobbs Municipal Schools
1607 N Vega DrHobbs, NM 88240
Estimated Value $248,000
Living Area 2,102 SqFt
Beds 4
Baths 2
Year Built 1968
Property Type Single Family
Ownership Type Related
APN 4 000 130 990 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
2417 N Selman StHobbs, NM 88240
Estimated Value $180,000
Living Area 1,218 SqFt
Beds 3
Baths 2
Year Built 1984
Property Type Single Family
Ownership Type Individual
APN 4 000 033 120 001
Subdivision Spring Park Sub-Div
School District Hobbs Municipal Schools
1213 E Rose LnHobbs, NM 88240
Estimated Value $169,000
Living Area 1,353 SqFt
Beds 3
Baths 2
Year Built 1957
Property Type Single Family
Ownership Type Individual
APN 4 000 167 890 001
Subdivision Arts Add
School District Hobbs Municipal Schools
8th StHobbs, NM 88240
Estimated Value $106,000
Living Area 1,320 SqFt
Beds 4
Baths 1
Year Built 1962
Property Type Single Family
Ownership Type Multiple
APN 4 000 512 300 001
Subdivision Hillcrest Add
School District Eunice Municipal Schools
1213 N Gila DrHobbs, NM 88240
Estimated Value $142,000
Living Area 1,170 SqFt
Beds 3
Baths 1
Year Built 1990
Property Type Single Family
Ownership Type Individual
APN 4 000 118 830 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
2425 N Selman StHobbs, NM 88240
Estimated Value $181,000
Living Area 1,218 SqFt
Beds 3
Baths 2
Year Built 2007
Property Type Single Family
Ownership Type Multiple
APN 4 970 611 162 040
Subdivision Spring Park Sub-Div
School District Hobbs Municipal Schools
109 W Vega DrHobbs, NM 88240
Estimated Value $155,000
Living Area 1,158 SqFt
Beds 4
Baths 1
Year Built 1952
Property Type Single Family
Ownership Type Individual
APN 4 000 101 220 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
2121 Highland DrHobbs, NM 88240
Estimated Value $326,000
Living Area 2,277 SqFt
Beds 3
Baths 3
Year Built 2013
Property Type Single Family
Ownership Type Related
APN 4 971 004 173 859
Subdivision Tanglewood Sub-Div
School District Hobbs Municipal Schools
430 E Zia DrHobbs, NM 88240
Estimated Value $404,000
Living Area 2,680 SqFt
Beds 4
Baths 3
Year Built 1978
Property Type Single Family
Ownership Type Individual
APN 4 000 065 400 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools