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Foreclosure Homes in Hobbs, NM 88240

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Hobbs, NM Foreclosures

How much do homes sell for in Hobbs, NM?
The average home price is currently $192,302.
In Hobbs, NM, how many homes are available?
There are currently 11 active home listings available in Hobbs.
What’s the average rental cost in Hobbs, NM?
The average rental price in Hobbs is $912.
What is the most expensive home in Hobbs?
The most expensive home sold in Hobbs had a price of $4,542,268.
What is currently the cheapest priced home in Hobbs, NM?
The cheapest home for sale in Hobbs is priced at $10,500.

Living in Hobbs, NM

Hobbs, NM is a thriving city that combines a robust economy with a welcoming community atmosphere. It offers a diverse range of amenities, from dining to outdoor activities, making it ideal for families and investors alike. With a focus on education and growth, Hobbs is becoming an increasingly desirable location for real estate investment.

Current Market Conditions in Hobbs, NM

The real estate market in Hobbs has been steadily growing, driven by the ongoing development in the oil and gas sectors. Investors are seeing potential for increased property values as new businesses and residents flock to the area.

Currently, there is a relatively high demand for housing, particularly in family-friendly neighborhoods, which is leading to a competitive market. Prices are expected to rise as more companies establish operations in the region, making it a great time for investors to enter the market.

Home Value Estimator For Hobbs, NM

There are currently 17,621 real estate properties in Hobbs, NM, with a median automated valuation model (AVM) price of $162,789.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hobbs, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hobbs, NM, is $192,302.00, with the most expensive house in Hobbs, NM, topping out at $4,542,268.00 and the cheapest home in Hobbs, NM, clocking in at $10,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Hobbs, NM!

Rent Prices In Hobbs, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hobbs, NM, is on a rollercoaster ride. The average rent price in Hobbs, NM, is $912.00. Indeed, when looking to rent in Hobbs, NM, you can expect to pay as little as $440.00 or as much as $2,650.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Hobbs, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hobbs, NM 88240 Foreclosures


Market Trend for Hobbs, NM

Total Listings Available: 11

Market Values:

Home Prices from $10,500 to $4,542,268

Average Sales Price: $192,302

Rental Values:

Rental from $440 to $2,650

Average Rent Value: $912 / month

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