Metropolitan Area

Average Rent in Hobbs, NM MSA

Hobbs, NM MSA is a metropolitan area in United States. It ranks #509 out of 923 for places to rent. Hobbs, NM MSA is in

the state of

New Mexico. Dwellsy has rental data for Hobbs, NM MSA also includes

the county of

Lea County,

the congressional districts of

District 02, District 03, 4 zip codes, and

the cities of

Monument, Hobbs, Lovington with places to rent.

The average rent over the last 3 months for places in Hobbs, NM MSA is $1,187 which represents an increase of 8.8% over the same period.

The most expensive zip code in Hobbs, NM MSA to rent places is 88242 with an average rent of $2,000. The least expensive zip code in Hobbs, NM MSA to rent places is 88260 with an average rent of $1,016.

The most expensive city in Hobbs, NM MSA to rent places is Monument, NM with an average rent of $1,300. The least expensive city in Hobbs, NM MSA to rent places is Lovington, NM with an average rent of $1,016.

Rental Price Comparison

The average rent for places in msa Hobbs, NM MSA currently stands at $1,187.

In comparison, places in the largest zip, specifically 88240, is more expensive, with an average rent of $1,263. This represents a difference of +6% when compared to Hobbs, NM MSA.

Meanwhile, in the largest city of Hobbs, the average rent for the same type of housing is $1,205, showing a more expensive of +2% from our subject location.

On a national scale, the average rent for a similar places across the United States is $2,003. This constitutes a more expensive by +69% when compared to the rent in Hobbs, NM MSA.