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
Zia Dr2843$515,7863,538 Sq.Ft.2/12/2025Zuni St1732$313,0592,247 Sq.Ft.3/21/20231307 E Highland DrHobbs, NM 88240
Estimated Value $180,000
Living Area 1,307 SqFt
Beds 3
Baths 2
Year Built 1964
Property Type Single Family
Ownership Type Multiple
APN 4 000 028 150 001
Subdivision Taylor Est 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
1123 W Princess Jeanne DrHobbs, NM 88240
Estimated Value $137,000
Living Area 1,400 SqFt
Beds 3
Baths 1
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4 000 109 890 001
Subdivision Dale Bellamah Add
School District Hobbs Municipal Schools
301 E Baja DrHobbs, NM 88240
Estimated Value $329,000
Living Area 2,473 SqFt
Beds 3
Baths 3
Year Built 1963
Property Type Single Family
Ownership Type Multiple
APN 4 000 056 120 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
624 W Cielo DrHobbs, NM 88240
Estimated Value $296,000
Living Area 2,141 SqFt
Beds 4
Baths 2
Year Built 1969
Property Type Single Family
Ownership Type Multiple
APN 4 000 045 510 001
Subdivision Norte Vista Add
School District Hobbs Municipal Schools
703 E Mesa DrHobbs, NM 88240
Estimated Value $268,000
Living Area 1,924 SqFt
Beds 3
Baths 2
Year Built 1956
Property Type Single Family
Ownership Type Related
APN 4 000 134 490 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
1601 E Pecos DrHobbs, NM 88240
Estimated Value $152,000
Living Area 1,410 SqFt
Beds 3
Baths 2
Year Built 1954
Property Type Single Family
Ownership Type Individual
APN 4 000 054 270 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
104 W Shipp DrHobbs, NM 88240
Estimated Value $116,000
Living Area 1,143 SqFt
Beds 3
Baths 2
Year Built 1948
Property Type Single Family
Ownership Type Individual
APN 4 000 105 310 001
Subdivision Southern Hts Add
School District Hobbs Municipal Schools
2712 N Wedgewood DrHobbs, NM 88240
Estimated Value $501,000
Living Area 2,610 SqFt
Beds 4
Baths 3
Year Built 2019
Property Type Single Family
Ownership Type Individual
APN 4 980 501 121 443
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
917 W Lead AveHobbs, NM 88240
Estimated Value $163,000
Living Area 1,196 SqFt
Beds 3
Baths 2
Year Built 1957
Property Type Single Family
Ownership Type Individual
APN 4 000 118 950 001
Subdivision North Acres Sub-Div
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
1318 N San Mateo StHobbs, NM 88240
Estimated Value $146,000
Living Area 1,449 SqFt
Beds 3
Baths 2
Year Built 1957
Property Type Single Family
Ownership Type Multiple
APN 4 000 107 480 001
Subdivision Dale Bellamah Add
School District Hobbs Municipal Schools
400 E Baja DrHobbs, NM 88240
Estimated Value $523,000
Living Area 3,130 SqFt
Beds 4
Baths 1.5
Year Built 1990
Property Type Single Family
Ownership Type Related
APN 4 000 013 480 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
1723 Leanne StHobbs, NM 88240
Estimated Value $227,000
Living Area 1,411 SqFt
Beds 3
Baths 1
Year Built 1984
Property Type Single Family
Ownership Type Related
APN 4 000 774 650 001
Municipality HOBBS
School District Hobbs Municipal Schools
206 E Yeso DrHobbs, NM 88240
Estimated Value $153,000
Living Area 1,122 SqFt
Beds 3
Baths 1
Year Built 1950
Property Type Vacant parcels w/ imp.
Ownership Type Individual
APN 4 000 136 720 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools