Zip Code
Average Rent in 88240
88240 is a zip code in Hobbs, NM MSA. It ranks #3 out of 4 for places to rent. 88240 is in
the state of
New Mexico, the county of
Lea County, the congressional districts of
District 02, District 03 and 7 cities. Dwellsy has rental data there are no sections, no neighborhoods and no rental communities in 88240.The average rent over the last 3 months for places in 88240 is $1,554 which represents an increase of 11.99% over the same period.
Rental Price Comparison
The average rent for places in zip 88240 currently stands at $1,554.
In comparison, places in the average state, specifically New Mexico, is less expensive, with an average rent of $1,487. This represents a difference of -4% when compared to 88240.
Meanwhile, in the average msa of Hobbs, NM MSA, the average rent for the same type of housing is $1,560, showing a more expensive of from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +20% when compared to the rent in 88240.
$1,554
88240
VS$1,487
-4%
NM, state
$1,560
Hobbs, NM MSA, msa
$1,859
+20%
USA, us
Average price for rental listings over the last 3 months. Last updated May 31 2026
