Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Hobbs & Beyond
Hobbs shares many of the great qualities that make New Mexico a desirable place to live.
New Mexico, known as the "Land of Enchantment," boasts a rich cultural heritage, stunning desert landscapes, and thriving arts and outdoor recreation. Learn about the state's fascinating history by visiting ancient Native American ruins, such as the remarkable Chaco Canyon and Aztec Ruins, or experience modern art museums, including the world-renowned Harwood Museum of Art and the Museum of International Folk Art. The state is also home to several prestigious universities, including New Mexico State University and the University of New Mexico.
Outdoor enthusiasts will find no shortage of opportunities for adventure in New Mexico, with endless options for hiking, camping, and skiing in the Sandia and Sacramento Mountains, as well as fishing and boating in Lake Powell and Elephant Butte Lake. In addition, be sure to explore some of the most iconic landscapes in the country, including the magnificent Carlsbad Caverns National Park and White Sands National Monument, and experience the historic charm of Taos.
New Mexico's unique blend of affordability, job opportunities, cultural heritage, natural beauty, and quality of life make it a great place to live. So whether you're seeking outdoor adventures, artistic inspiration, or a peaceful desert oasis, New Mexico has it all.
Rental Market Trends
Hobbs, NM
As of June 2026, Hobbs's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hobbs's average rent is 17.2% ($241) lower than the New Mexico average of $1,400 and 35.5% ($638) lower than the U.S. average of $1,797.
Average Rent
$1,159
Monthly ChangeMonth Over Month Change
3.3% ($40)
Yearly ChangeYear Over Year Change
26.1% ($410)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,111 | 0.9% ($10) | 25.5% ($380) |
| 2 Beds | $1,322 | 5% ($63) | 30.3% ($574) |
| 3 Beds | $1,720 | 14.2% ($214) | 29.9% ($732) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hobbs Rental Market FAQs
Explore rental prices, market trends, and availability in Hobbs, NM.
The average rent in Hobbs, NM is $1,159 per month.
Homes in Hobbs typically rent for between $778 and $2,236 per month, with an average of $1,159 per month.
In Hobbs, the average rent for a 1-bedroom home is $1,111 per month, for a 2-bedroom home, $1,322 per month, and a 3-bedroom home is $1,720 per month.
The average rent in Hobbs is 35.5% ($638) lower than the national average of $1,797 per month.
The average rent in Hobbs has decreased by 3.3% ($40) in the last month and decreased by 26.1% ($410) over the past year.
The rental market in Hobbs, NM, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Hobbs, NM, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 13 rental properties available in Hobbs, NM.
Based on the current averages, a household would need an annual income of $52,880 to comfortably afford a 2-bedroom home in Hobbs.
