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.3/21/20231016 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
631 W Silver DrHobbs, NM 88240
Estimated Value $284,000
Living Area 2,250 SqFt
Beds 3
Baths 2
Year Built 1965
Property Type Single Family
Ownership Type Multiple
APN 4 000 043 920 001
Subdivision Norte Vista 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
1312 N Steven DrHobbs, NM 88240
Estimated Value $207,000
Living Area 2,171 SqFt
Beds 4
Baths 3
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4 000 126 140 001
Subdivision Taylor Ranch 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
1611 N San Mateo StHobbs, NM 88240
Estimated Value $148,000
Living Area 1,732 SqFt
Beds 4
Baths 2
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4 000 049 120 001
Subdivision Dale Bellamah Add
School District Hobbs Municipal Schools
608 E Green Acres DrHobbs, NM 88240
Estimated Value $172,000
Living Area 1,607 SqFt
Beds 3
Baths 2
Year Built 1958
Property Type Single Family
Ownership Type Multiple
APN 4 000 007 640 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
1212 N Steven DrHobbs, NM 88240
Estimated Value $138,000
Living Area 1,174 SqFt
Beds 3
Baths 1
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4 000 116 670 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
109 E Baja DrHobbs, NM 88240
Estimated Value $278,000
Living Area 2,334 SqFt
Beds 3
Baths 2
Year Built 1987
Property Type Single Family
Ownership Type Individual
APN 4 000 013 540 001
Subdivision Broadmoor 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
817 N Linam StHobbs, NM 88240
Estimated Value $164,000
Living Area 2,200 SqFt
Beds 4
Baths 2
Year Built 1998
Property Type Single Family
Ownership Type Multiple
APN 4 000 002 960 001
Subdivision Highland Park Add
School District Hobbs Municipal Schools
1015 Sandia DrHobbs, NM 88240
Estimated Value $235,000
Living Area 1,870 SqFt
Beds 4
Baths 1.5
Year Built 1959
Property Type Single Family
Ownership Type Individual
APN 4 000 005 490 001
Subdivision Eagle Park Sub-Div
School District Hobbs Municipal Schools
1316 N Houston StHobbs, NM 88240
Estimated Value $278,000
Living Area 2,030 SqFt
Beds 4
Baths 3
Year Built 1990
Property Type Single Family
Ownership Type Individual
APN 4 000 158 470 001
Subdivision Broadmoor 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
2625 N Green Valley TrlHobbs, NM 88240
Estimated Value $538,000
Living Area 2,749 SqFt
Beds 4
Baths 4
Year Built 1988
Property Type Single Family
Ownership Type Multiple
APN 4 980 501 134 154
Subdivision Tanglewood Sub-Div
School District Hobbs Municipal Schools
2701 N Martha StHobbs, NM 88240
Estimated Value $270,000
Living Area 2,191 SqFt
Beds 3
Baths 2
Year Built 1968
Property Type Single Family
Ownership Type Multiple
APN 4 000 163 160 001
Subdivision Bell Add
School District Hobbs Municipal Schools