Search Property Records in 88240, Hobbs NM

The 88240 ZIP code in Hobbs, NM, is a predominantly residential market with roughly 15,500 to 16,000 properties across its established neighborhoods, newer subdivisions, rental communities, and business corridors. Single-family detached homes are the leading property type, representing about 80% of the local housing stock, while multifamily buildings, manufactured homes, vacant residential lots, and other residential uses account for most of the remainder; condominiums and co-ops are a very small segment at well under 1%, and commercial properties—including retail, office, industrial, service, and mixed-use sites—make up approximately 5% to 7% of property parcels. Typical home values vary substantially by age, condition, lot size, and proximity to employment centers, but the median home price is generally around $240,000 to $260,000, with many active listings and recent sales falling between approximately $180,000 and $350,000. Average pricing commonly works out to about $140 to $160 per square foot, although renovated homes and newer construction can command higher rates. Residential sales activity has historically been influenced by the Permian Basin energy economy, creating periods of stronger demand and price growth alongside more balanced conditions when energy-sector hiring moderates; over the past 10 years, the area has typically supported roughly 400 to 500 residential sales per year. Overall, 88240 offers a comparatively attainable market for buyers seeking detached homes, investment rentals, or workforce housing, while its commercial segment remains tied closely to Hobbs’s role as a regional center for energy, logistics, retail, healthcare, and local services.

Property Records by Street in 88240, Lea County, NM

Four streets for 88240 are shown here: Dal Paso, Paige, Del Sol, and 13th. Records for these streets can include property values, ownership history, sales, and other relevant information.

Cities and Communities in 88240

Hobbs leads a list of 30 cities and communities for 88240, with Lovington, Eunice, Carlsbad, Artesia, Causey, and Roswell also shown. The page additionally lists Hope, Portales, Cannon AFB, Clovis, Fort Sumner, Weed, Grady, Lake Sumner, and Ruidoso.

ZIP Codes Near 88240

Sixteen nearby ZIP codes are listed for 88240, including 88231, 88264, 88220, 88113, and 88203. These nearby ZIP codes represent surrounding areas and link to property records and related information.

ZIP Codes in Lea County, NM

Lea County, NM has two ZIP codes listed here, 88231 and 88264. The section includes ZIP codes located within the county and provides access to property records and related information for those areas.