Zip Code:
88242 is a New Mexico Zip code within the city of Hobbs and the county of Lea County. Its population is roughly 7,439.
The 88242 zip code of Hobbs, NM has a median home value of $129,900. The home equity in this zip code is $48,500. This means that the homeowners in this zip code have a net worth of $75,500.
The average home price in the 88242 zip code has increased by 9.5% over the past year and is currently at $135,000. This indicates that there is strong demand for homes in this area and that prices are likely to continue to rise. In addition, there are currently only 2 active listings available in this zip code which suggests that there is limited supply available for purchase.
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
88240 | 40,944 | 25.3 | America/Denver | 32.70781 | -103.47152 | Hobbs | Lea County | New Mexico |
88260 | 14,869 | 7.6 | America/Denver | 32.99151 | -103.39911 | Lovington | Lea County | New Mexico |