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Single Family ResidenceResidential
$201,597$103 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 89How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

508 E TAOS ST

HOBBS, NM 88240
0
Baths
1,952 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1991
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$202K
$179K low$224K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$991 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$36,253 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$2,185
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$34,068
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$35,197
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$108,759

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.39
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
81
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
80
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
16
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
20
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLea
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Mills Elementary SchoolA-
Elementary · Grades PK–5 · 0.4 mi
M
Highland Middle SchoolC
Middle · Grades 6–8 · 0.7 mi
H
Hobbs High SchoolC-
High · Grades 10–12 · 1.9 mi

District: Hobbs Municipal Schools

Neighborhood · ZIP 88240These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.105
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.103
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.47

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.91%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.8.1%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.21%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,287
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.49 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,980
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$81,239
Average tempThe average temperature here across a full year.61°F
Annual precipHow much rain and melted snow falls here in a typical year.15 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.74%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

508 E Taos St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 67% of homes in Hobbs 88240
  • Costs less per square foot than 66% of homes in Lea County
  • Bigger than 84% of homes in Hobbs 88240
  • Newer than 78% of homes in Hobbs 88240

What homes are worth in Hobbs 88240

Each bar is how many homes fall in that price range. The marker is this home.

This home
$59K$441K

This home is worth more than 67% of homes in Hobbs 88240.

How it measures up in Hobbs 88240

The dot is this home. The mark in the middle is the typical home in Hobbs 88240.

Estimated value$201,597
CheaperTypical $152,989Pricier

Pricier than 67% of homes nearby

Price per ft²$103
CheaperTypical $109Pricier

Pricier than 44% of homes nearby

Living area1,952 ft²
SmallerTypical 1,259 ft²Bigger

Bigger than 84% of homes nearby

Year built1991
OlderTypical 1982Newer

Newer than 78% of homes nearby

How 508 E Taos St ranks against every home in each area.
MeasureThis homeHobbs 88240Lea County
Estimated valuepricier than$201,59767% of homes63% of homes
Price per ft²pricier than$10344% of homes34% of homes
Living areabigger than1,952 ft²84% of homes83% of homes
Year builtnewer than199178% of homes75% of homes

About 508 E Taos St

How much is 508 E Taos St, Hobbs, NM worth?

The TopHap Estimate for 508 E Taos St, Hobbs, NM is $201,597 as of Oct 21, 2026. The likely range is $178,853 to $224,341. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When was 508 E Taos St, Hobbs, NM built?

508 E Taos St, Hobbs, NM was built in 1991, making it 35 years old. The building has 1 story.

What schools serve 508 E Taos St, Hobbs, NM?

508 E Taos St, Hobbs, NM is assigned to Mills Elementary School (elementary), rated A-; Highland Middle School (middle), rated C; Hobbs High School (high), rated C-. All sit in Hobbs Municipal Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 508 E Taos St, Hobbs, NM compare to other homes in Hobbs 88240?

Among the 16,382 homes in Hobbs 88240, it is worth more than 67% of them ($201,597 against a typical $152,989), its price per square foot is higher than 44% of them ($103 against a typical $109), it is bigger than 84% of them (1,952 ft² against a typical 1,259 ft²) and it is newer than 78% of them (1991 against a typical 1982). Measured against all of Lea County, it is worth more than 63% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 508 E Taos St, Hobbs, NM?

The 2024 property tax bill for 508 E Taos St, Hobbs, NM was $991. The county assessed it at $36,253.

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