Hobbs, NM
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Hobbs short-term rental market based on reliable data.
Listings
71 / 138
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$29,301
Middle-Earners Revenue
Occupancy
81%
Middle-Earners Occupancy
Home Value
$198,870
Median Home Sale Price
Top Earners
$45,212
Top-Earners Revenue
Hobbs
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Hobbs.
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Generally Investor friendly
Hobbs Regulations
Short‑term rentals are lawful in Hobbs without a city‑specific license or caps, and the only known obligations are state Gross Receipts Tax and possible local lodging tax. Lack of an explicit local ordinance lowers compliance cost but adds some uncertainty until hosts verify any local tax or zoning rules.
Local STR Agent
STR specialist · Hobbs, NM
About Hobbs
Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census, increasing from 34,122 in 2010. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area, which includes all of Lea County.