Hobbs, NM Real Estate
According to census data in the year 2000 there were 11,999 housing units in Hobbs.
This represents a 2.7% decline from 12,327 in 1990.
Of those housing units, 11,657 were located in either urbanized areas or urban clusters, and 342 were located in what is classified as a rural area.
Homeownership rate in Hobbs is about 68.1%.
Hobbs's vacancy rate, including seasonal lodging, is about 15.8%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Hobbs were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 12.50% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 46% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $51,200 |
| Median Price asked for vacant units | $39,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 48.90% |
| Debt Free | 45.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
