Zip Code:

88242, Hobbs, NM

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 Real Estate Market in the 88242 Zip Code of Hobbs, NM.

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.

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