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.3/21/20231408 W Princess Jeanne DrHobbs, NM 88240
Estimated Value $169,000
Living Area 1,524 SqFt
Beds 4
Baths 2
Year Built 1987
Property Type Single Family
Ownership Type Multiple
APN 4 000 111 240 001
Subdivision Dale Bellamah 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
2716 N Northacres DrHobbs, NM 88240
Estimated Value $153,000
Living Area 1,310 SqFt
Beds 3
Baths 2
Year Built 1957
Property Type Single Family
Ownership Type Individual
APN 4 000 134 440 001
Subdivision North Acres Sub-Div
School District Hobbs Municipal Schools
2501 N Selman StHobbs, NM 88240
Estimated Value $180,000
Living Area 1,277 SqFt
Beds 2
Baths 2
Year Built 1984
Property Type Single Family
Ownership Type Individual
APN 4 000 768 380 001
Subdivision Spring Park Sub-Div
School District Hobbs Municipal Schools
1624 Harvard CtHobbs, NM 88240
Estimated Value $213,000
Living Area 1,838 SqFt
Beds 3
Baths 2
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4 000 065 410 001
Subdivision Buena Vista Hts 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
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
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
1504 E Penasco DrHobbs, NM 88240
Estimated Value $166,000
Living Area 1,370 SqFt
Beds 3
Baths 1
Year Built 1956
Property Type Single Family
Ownership Type Individual
APN 4 000 328 300 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools
110 W Llano DrHobbs, NM 88240
Estimated Value $248,000
Living Area 1,936 SqFt
Beds 4
Baths 3
Year Built 1961
Property Type Single Family
Ownership Type Related
APN 4 000 133 410 001
Subdivision Broadmoor Add
School District Hobbs Municipal Schools
2132 N Homestead DrHobbs, NM 88240
Estimated Value $286,000
Living Area 1,629 SqFt
Beds 3
Baths 2
Year Built 2016
Property Type Single Family
Ownership Type Individual
APN 4 960 720 090 215
Subdivision Homestead Estates Sub-Div
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
1202 N Coleman StHobbs, NM 88240
Estimated Value $145,000
Living Area 1,287 SqFt
Beds 3
Baths 1
Year Built 1954
Property Type Single Family
Ownership Type Individual
APN 4 000 038 730 001
Subdivision Dale Bellamah Add
School District Hobbs Municipal Schools
1307 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
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
1617 N Breckon DrHobbs, NM 88240
Estimated Value $181,000
Living Area 1,550 SqFt
Beds 4
Baths 2
Year Built 1958
Property Type Single Family
Ownership Type Individual
APN 4 000 118 900 001
Subdivision Taylor Ranch Add
School District Hobbs Municipal Schools