Affordable & Income-Based Housing in Hobbs

Affordability in Hobbs, NM

According to Census ACS 5-Year data (2024), the median gross rent in Hobbs is $1,112 per month and the median household income is $64,021 per year, with renters making up 34% of occupied households. Hobbs has 5 HUD-assisted or income-restricted properties totaling 427 units, which can offer a more affordable alternative for eligible renters.

Safety

According to FBI Crime Data Explorer, the Hobbs Police Department reported a violent crime rate of 790 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Hobbs

According to Walk Score, the area around assisted properties in Hobbs rates 48 out of 100, described as Car-Dependent, with a Bike Score of 38 out of 100. No Transit Score is available, reflecting limited public transit options in the area.

Most errands and commutes in Hobbs will require a personal vehicle.

Schools

According to NCES Common Core of Data, 19 public schools across 2 districts serve Hobbs, including 13 elementary, 3 middle, and 3 high schools. Ratings and quality vary by school and district, so renters should check the assigned schools for a specific address before making a decision.

Cost of Renting in Hobbs, NM

The median household income in Hobbs is $64,021 per year, according to Census ACS 5-Year data. The citywide median rent is $1,112 per month, according to the same source.

Hobbs has 5 HUD-assisted or income-restricted properties with a combined 427 units. These properties offer rents set below market rate, based on your income and program eligibility, which can provide meaningful savings compared to the citywide median.

• Citywide median rent: $1,112/month (Census ACS 5-Year)
• Median household income: $64,021/year (Census ACS 5-Year)
• Share of residents who rent: 34% (Census ACS 5-Year)
• Affordable housing units in Hobbs: 427 across 5 properties

Flood and Environmental Exposure

All 5 affordable housing properties in Hobbs have been mapped for flood risk. Of those, 1 property carries a high flood risk designation. Flood exposure is relatively limited across the portfolio, but renters interested in that specific property may want to ask about flood insurance requirements before signing a lease.