foreclosure.com

As-is Deals in Hobbs, NM

Search within map
28 View this home at E Yeso Dr Hobbs NM 88240
Foreclosure
VIEW DETAILS
$153,060 EMV
E Yeso Dr
Hobbs, NM 88240
Single-Family
|
3 |
2
|
1,315
EST. RENT: $1,092
|
AUCTION: 03-31-2024
Single-Family
|
3 |
2
|
1,315
5 View this home at E Yucca Dr Hobbs NM 88240
Preforeclosure
VIEW DETAILS
$155,068 EMV
E Yucca Dr
Hobbs, NM 88240
Single-Family
EST. RENT: $1,072
|
AUCTION: 04-18-2024
Single-Family
View this home at E Michigan Dr Hobbs NM 88240
Preforeclosure
VIEW DETAILS
$169,939 EMV
E Michigan Dr
Hobbs, NM 88240
Single-Family
EST. RENT: $991
|
AUCTION: 04-18-2024
Single-Family
View this home at S Jefferson St Hobbs NM 88240
Preforeclosure
VIEW DETAILS
$189,536 EMV
S Jefferson St
Hobbs, NM 88240
Single-Family
885
EST. RENT: $840
|
AUCTION: 05-07-2024
Single-Family
885
View this home at E Highland Dr Hobbs NM 88240
Preforeclosure
VIEW DETAILS
$300,742 EMV
E Highland Dr
Hobbs, NM 88240
Single-Family
2,813
EST. RENT: $1,400
|
AUCTION: 05-02-2024
Single-Family
2,813
View this home at E Sunset Dr Hobbs NM 88240
Preforeclosure
VIEW DETAILS
$126,789 EMV
E Sunset Dr
Hobbs, NM 88240
Single-Family
EST. RENT: $1,020
|
AUCTION: 04-02-2024
Single-Family
Displaying 1 - 10 of 22
More real estate for sale

Other cities with foreclosures
Zip codes

Home Value Estimator For Hobbs, NM

There are currently 14,548 real estate properties in Hobbs, NM, with a median automated valuation model (AVM) price of $168,000.00. 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 $206,193.00, with the most expensive house in Hobbs, NM, topping out at $5,192,822.00 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 $924.00. 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 $870.00. 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.


Top Reasons To Live In Hobbs, NM In 2024

Hobbs is located in Lea, New Mexico, with an estimated municipal population of 39,141 residents. All of the best foreclosed homes for sale in Hobbs are located in the following zip code areas on Foreclosure.com: 88240. The estimated population per square kilometer (.62 miles) in Hobbs is 572.


Cost Of Living In Hobbs, NM

So, about how much do homes cost in Hobbs? The most recent median value of resident-owned homes in Hobbs is 135,440. An estimated 59.5 percent of households in Hobbs own their homes, with an average family size of 3.65. The median household income in Hobbs is 59,020, with23.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hobbs, the median commute time of resident workers (in minutes) is 20. And last, but certainly not least, are you looking for homes to rent in Hobbs? If so, the average rent price paid by renters in Hobbs is 895, according to recent statistics.


Diversity And Demographics In Hobbs, New Mexico

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hobbs, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Hobbs is 30.6, split between 52.8 percent male versus 47.2 female. The percentage of residents who report being married in Hobbs is 45.9, with an average family size of 3.65.

The percentage of residents who report their race in Hobbs is as follows:

White 84.9%
Black / African American 5.9%
Asian 1%
American Indian / Alaskan Native 1.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 2.4%
Other 4.6%

Looking for family-friendly neighborhoods in and/or near Hobbs? Or maybe you are searching for 55+ active adult communities in and/or near Hobbs?

The percentage of residents who report their age in Hobbs is as follows:

Under 10 17.9%
Aged 10-19 16%
20s 15%
30s 15.5%
40s 10.2%
50s 11.6%
60s 7%
70s 4.2%
80+ 2.5%

Best Schools In Hobbs, New Mexico

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hobbs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hobbs.


Pros And Cons Of Living In Hobbs, New Mexico

How do you know that living in -- or moving to -- Hobbs is right where you need to be? Perhaps you grew up in Hobbs or already live nearby; therefore, the decision to buy a home in Hobbs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hobbs for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hobbs:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hobbs.


Reasons To Move To Hobbs, New Mexico, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hobbs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hobbs, meanwhile, can field multiple offers from more qualified buyers.

Hobbs, NM As-is Deals


Cancel

Listing types in Hobbs, NM

These money-making opportunities can deliver huge savings on your next purchase.

Remember, we update our listings often so be sure to check back daily!

Foreclosure.com Advantages

Many listings on Foreclosure.com are not found anywhere else. Save thousands on incredible foreclosure deals in Hobbs, NM. Save up to 62% with deals in Hobbs, NM.

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2024. All Rights Reserved.