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
Stiles Rd9042$237,8101,434 Sq.Ft.4/23/2025Stoffer Rd53N/A$249,6001,800 Sq.Ft.11/16/2020Stone Crest Ct1N/AN/AN/AN/AN/AStone Rd5N/AN/A$326,6001,360 Sq.Ft.10/9/2024Sumruld Rd2N/AN/A$85,000N/AN/ASundance Ln1N/AN/AN/AN/AN/ASun Rd1N/AN/A$243,000N/A9/20/2022Sunrise Cir49N/AN/A$473,275958 Sq.Ft.4/6/2024Sunset Cir172N/A$279,2351,150 Sq.Ft.2/3/2025Sunset Crk62N/A$429,1671,150 Sq.Ft.N/ASunset Dr3921$236,6761,138 Sq.Ft.11/15/2024S West County Rd1N/AN/AN/AN/A4/7/2023Sydney Ln3N/AN/A$277,0002,080 Sq.Ft.10/17/2022Tanglewood Ave3842$451,5142,345 Sq.Ft.4/11/2025Taos St16932$242,4811,608 Sq.Ft.4/28/2025Tasker Dr5532$172,0371,522 Sq.Ft.1/7/2025Tatum Hwy4N/AN/A$406,2501,162 Sq.Ft.8/29/2024Tatum St8N/AN/A$197,857816 Sq.Ft.12/20/2019Taylor St7232$245,4921,556 Sq.Ft.1/21/2025T Bird Rd233N/A$131,5651,305 Sq.Ft.5/27/2025Teague Dr233N/A$181,2171,097 Sq.Ft.5/20/2025Telephone Pole Rd1331$182,6671,038 Sq.Ft.2/14/2024Temple Ave6632$96,1361,356 Sq.Ft.4/14/2025Terry Ct842$179,8751,425 Sq.Ft.7/1/2024Texaco Rd18N/AN/A$539,294920 Sq.Ft.11/15/2022Texas Ave8N/AN/A$271,375N/A12/12/2022Texas St20032$196,0371,226 Sq.Ft.2/19/2025Third St3N/AN/A$582,667720 Sq.Ft.8/30/2019Thomas Dr3832$188,4471,345 Sq.Ft.6/25/2024Thompson Dr342$260,0002,188 Sq.Ft.12/7/2021Thornhill Rd1N/AN/A$286,000N/AN/AThorp St12232$175,6001,160 Sq.Ft.5/15/2025Tipton Dr22N/AN/A$204,7621,314 Sq.Ft.10/4/2023Tomlinson St3832$380,9472,149 Sq.Ft.3/17/2025Toro142$426,0002,750 Sq.Ft.N/ATownsend Pl21N/AN/A$164,2861,192 Sq.Ft.10/22/2024Traditions Dr442$312,0002,907 Sq.Ft.11/14/2024Travis Dr53N/A$241,400N/A7/27/2021Travis Rd1N/AN/A$487,0001,680 Sq.Ft.N/ATres Amigo Dr13N/AN/A$179,769N/A10/4/2017Trevino Rd4033$221,9251,754 Sq.Ft.2/3/2025Truman St3N/AN/A$322,667N/AN/ATucker St3432$325,0292,004 Sq.Ft.3/3/2023Tulsa St2232$161,4551,209 Sq.Ft.11/4/2024Tumbleweed Dr1054$526,6004,271 Sq.Ft.4/10/2024Turner St15042$292,9786,142 Sq.Ft.4/29/2025Turtleback Ct932$285,7781,550 Sq.Ft.2/21/2024Tyler Rd1N/AN/A$277,000N/AN/ATyson Ln1N/AN/A$487,0001,680 Sq.Ft.N/AU-B W Kiowa Ave1N/AN/A$196,000N/AN/AU-C W Kiowa Ave1N/AN/A$208,000N/AN/AUs 82 Hwy1N/AN/A$259,0002,016 Sq.Ft.N/AUs Hwy8N/AN/A$296,6251,323 Sq.Ft.10/15/2018Utah2N/AN/A$331,000720 Sq.Ft.N/AUte Pl1031$162,500911 Sq.Ft.5/25/2021Ute St13N/AN/A$213,7691,168 Sq.Ft.3/6/2025Valdez Ct632$353,1672,194 Sq.Ft.9/18/2024Valdez St4632$325,3911,552 Sq.Ft.2/18/2025Van Buren1N/AN/A$496,0001,680 Sq.Ft.N/AVan Buren Ave3N/AN/A$400,6671,184 Sq.Ft.N/AVega Ct1043$475,0002,624 Sq.Ft.11/18/2022Vega Dr6042$255,7331,818 Sq.Ft.4/17/2025Vera St1032$146,6001,450 Sq.Ft.4/30/2020Victoria Ln27N/AN/A$145,824947 Sq.Ft.12/14/2023Vista Ct843$456,5002,185 Sq.Ft.6/23/2021Vista Dr2822$258,0001,649 Sq.Ft.5/19/2025Wagon Wheel Dr1943$229,6111,465 Sq.Ft.8/1/2024Walker Dr2732$204,0371,911 Sq.Ft.5/27/2025Ward Ln2N/AN/A$130,000N/A7/21/2022Warpath St33N/AN/A$79,879903 Sq.Ft.N/AWarren Camp Crk1N/AN/A$185,000N/AN/AWashington Ave6N/AN/A$366,8331,168 Sq.Ft.N/AWater Ave3N/AN/A$283,6671,152 Sq.Ft.N/AWater Dog1N/AN/A$241,000N/AN/AWaylon Rd10N/AN/A$540,0001,746 Sq.Ft.N/AWedgewood Dr2643$432,3852,479 Sq.Ft.5/1/2025Western Trail Rd1N/AN/A$507,0001,056 Sq.Ft.N/AWhitaker Ave5N/AN/A$151,500N/A8/18/2022White St10621$156,260979 Sq.Ft.3/24/2025Wilks Rd4N/AN/A$372,6671,701 Sq.Ft.N/AWillow St7142$153,1471,232 Sq.Ft.1/7/2025Winker Rd4N/AN/A$205,0001,680 Sq.Ft.N/AWink St1N/AN/A$163,000N/AN/AWittman Dr2N/AN/A$211,000N/AN/AW Monument C42 Hwy5N/AN/A$459,4001,000 Sq.Ft.11/8/2024W Nm 322 Hwy12N/AN/A$300,167828 Sq.Ft.12/26/2024W Nm 322 Hwy Nm 3221N/AN/A$472,000600 Sq.Ft.N/AWolfcamp Dr4832$242,8301,290 Sq.Ft.2/21/2025Woodfin Dr7N/AN/A$359,167N/A5/23/2025Woods Dr943$195,6671,691 Sq.Ft.2/14/2022Woolsey Ln4N/AN/A$250,2501,932 Sq.Ft.3/13/2018World Dr5642$240,3641,575 Sq.Ft.8/7/2023Wyoming7N/AN/A$346,7141,238 Sq.Ft.N/AYale10N/AN/A$307,400N/A3/22/2023Yeso Cir742$176,4291,750 Sq.Ft.5/31/2024Yeso Dr11032$242,8191,404 Sq.Ft.11/22/2024Yeso Pl632$172,8331,121 Sq.Ft.2/7/2024Yucca Dr9831$164,7771,364 Sq.Ft.3/1/2025Yucca Ln1N/AN/A$496,0002,624 Sq.Ft.N/AYuciapa St3642$196,8001,307 Sq.Ft.5/15/2025129 W Gold AveHobbs, NM 88240
Estimated Value $345,000
Living Area 3,025 SqFt
Beds 4
Baths 2
Year Built 1992
Property Type Single Family
Ownership Type Related
APN 4 000 061 540 001
Subdivision Norte Vista Add
School District Hobbs Municipal Schools
516 E Yeso DrHobbs, NM 88240
Estimated Value $176,000
Living Area 1,482 SqFt
Beds 4
Baths 1
Year Built 1953
Property Type Single Family
Ownership Type Related
APN 4 000 100 540 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
1004 W Taylor StHobbs, NM 88240
Estimated Value $152,000
Living Area 884 SqFt
Beds 3
Baths 1
Year Built 1955
Property Type Vacant parcels w/ imp.
Ownership Type Individual
APN 4 000 169 120 001
Subdivision Grimes Add
School District Hobbs Municipal Schools
1308 E Snyder StHobbs, NM 88240
Estimated Value $177,000
Living Area 1,569 SqFt
Beds 4
Baths 2
Year Built 1955
Property Type Single Family
Ownership Type Multiple
APN 4 000 130 270 001
Subdivision Pribble Bros Add
School District Hobbs Municipal Schools
1227 S Selman StHobbs, NM 88240
Estimated Value $162,000
Living Area 1,700 SqFt
Beds 4
Baths 2
Year Built 1990
Property Type Single Family
Ownership Type Individual
APN 4 000 112 500 001
Subdivision Linda Vista Add
School District Hobbs Municipal Schools
1200 E Walker DrHobbs, NM 88240
Estimated Value $166,000
Living Area 1,630 SqFt
Beds 3
Baths 2
Year Built 1991
Property Type Single Family
Ownership Type Multiple
APN 4 000 022 170 001
Subdivision Bel Aire Add
School District Hobbs Municipal Schools
1106 E Michigan DrHobbs, NM 88240
Estimated Value $130,000
Living Area 1,053 SqFt
Beds 3
Baths 1
Year Built 1970
Property Type Vacant parcels w/ imp.
Ownership Type Corporate
APN 4 000 014 630 001
Subdivision Bel Aire Add
School District Hobbs Municipal Schools
1001 N Jefferson StHobbs, NM 88240
Estimated Value $262,000
Living Area 3,028 SqFt
Beds 3
Baths 3
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4 000 105 290 001
Subdivision Eagle Park Sub-Div
School District Hobbs Municipal Schools
2500 Charlcia BlvdHobbs, NM 88240
Estimated Value $158,000
Living Area 1,232 SqFt
Beds 3
Baths 2
Year Built 1989
Property Type Single Family
Ownership Type Individual
APN 4 000 018 480 001
Subdivision Taylor Est Add
School District Hobbs Municipal Schools
1900 N Fowler StHobbs, NM 88240
Estimated Value $253,000
Living Area 2,111 SqFt
Beds 3
Baths 2
Year Built 1966
Property Type Single Family
Ownership Type Related
APN 4 000 015 380 001
Subdivision Broadmoor Add
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
2214 N Breckon DrHobbs, NM 88240
Estimated Value $153,000
Living Area 1,400 SqFt
Beds 3
Baths 2
Year Built 1902
Property Type Single Family
Ownership Type Individual
APN 4 000 101 170 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
1232 S Short StHobbs, NM 88240
Estimated Value $142,000
Living Area 1,188 SqFt
Beds 3
Baths 2
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 4 000 120 150 001
Subdivision Southern Hts Add
School District Hobbs Municipal Schools
624 W Silver DrHobbs, NM 88240
Estimated Value $291,000
Living Area 2,171 SqFt
Beds 4
Baths 2
Year Built 1965
Property Type Single Family
Ownership Type Multiple
APN 4 000 113 030 001
Subdivision Norte Vista Add
School District Hobbs Municipal Schools
209 E Berry DrHobbs, NM 88240
Estimated Value $168,000
Living Area 1,189 SqFt
Beds 3
Baths 2
Year Built 1954
Property Type Single Family
Ownership Type Individual
APN 4 000 120 470 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
911 W Silver DrHobbs, NM 88240
Estimated Value $198,000
Living Area 1,868 SqFt
Beds 3
Baths 2
Year Built 1957
Property Type Single Family
Ownership Type Individual
APN 4 000 012 270 001
Subdivision North Acres Sub-Div
School District Hobbs Municipal Schools