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Single Family ResidenceResidential
$147,136
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 80How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

HOBBS, NM 88240
0
Baths
1989
Year BuiltThe year the home was originally built, according to county records.

Valuation

$147K
$117K low$177K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$28 (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.$2,326 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$1,761
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$565
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$2,275
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$3,456

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

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

E
Tatum Elementary SchoolA
Elementary · Grades PK–6 · 0.6 mi
H
Tatum High SchoolB
High · Grades 9–12 · 0.6 mi
M
Tatum Jr High SchoolA-
Middle · Grades 7–8 · 0.6 mi

District: Tatum 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

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.

  • Newer than 71% 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
$60K$440K

This home is worth more than 43% 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$147,136
CheaperTypical $163,061Pricier

Pricier than 43% of homes nearby

Year built1989
OlderTypical 1982Newer

Newer than 71% of homes nearby

How ranks against every home in each area.
MeasureThis homeHobbs 88240Lea County
Estimated valuepricier than$147,13643% of homes36% of homes
Year builtnewer than198971% of homes69% of homes

About

How much is , Hobbs, NM worth?

The TopHap Estimate for , Hobbs, NM is $147,136 as of Sep 24, 2026. The likely range is $117,018 to $177,254. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When was , Hobbs, NM built?

, Hobbs, NM was built in 1989, making it 37 years old.

What schools serve , Hobbs, NM?

, Hobbs, NM is assigned to Tatum Elementary School (elementary), rated A; Tatum High School (high), rated B; Tatum Jr High School (middle), rated A-. All sit in Tatum Municipal Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does , Hobbs, NM compare to other homes in Hobbs 88240?

Among the 16,384 homes in Hobbs 88240, it is worth more than 43% of them ($147,136 against a typical $163,061) and it is newer than 71% of them (1989 against a typical 1982). Measured against all of Lea County, it is worth more than 36% 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 , Hobbs, NM?

The 2024 property tax bill for , Hobbs, NM was $28. The county assessed it at $2,326.

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Assigned schools

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