Is Hobbs, NM a good place to invest in rental property?

Hobbs, NM has a median modeled monthly cash flow of $-265 and a median cap rate of 5.1%, on a median sold price of $215,000. Prices changed n/a year over year.

What is the average cap rate in Hobbs, NM?

The median cap rate across recently sold homes in Hobbs, NM is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hobbs, NM?

The median sold price in Hobbs, NM is $215,000 (about $142 per square foot).

Investing in Hobbs, NM Real Estate

A data-driven snapshot of the Hobbs, NM rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$215,000Median sold price

$142Median $/sqft

5.0%Median cap rate

$-265Modeled cash flow / mo

—Appreciation YoY

67.5Months of supply

298Active listings

53Sold (last 12 mo)

What the Hobbs numbers say

In Hobbs, NM, the median home sold for $215,000 (about $142 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-265 of monthly cash flow. Inventory sits at about 67.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Mexico markets to compare

See Hobbs cash-flowing listings

CashFlowRE ranks every for-sale home in Hobbs, NM by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hobbs deals, or browse the national market data.