Hobbs, NM Rent History
39 months of data, 2023–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-06)
$1,497
1-year change
+9.1%
$125/mo
Monthly rent trend
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Year-by-year rent in Hobbs
| Year | Median rent | YoY change | vs 2023 |
|---|---|---|---|
| 2023 | $1,174/mo | — | 0.0% |
| 2024 | $1,244/mo | +6.0% | +6.0% |
| 2025 | $1,349/mo | +8.4% | +14.9% |
| 2026 | $1,398/mo | +3.6% | +19.1% |
Frequently asked questions
How much has rent in Hobbs changed since 2023?
Median rent in Hobbs, NM was $1,174 in 2023-04 and is $1,497 as of 2026-06 — a change of $323 per month over 3 years.
Is rent in Hobbs going up or down year over year?
Year over year, median rent in Hobbs, NM has increased +9.1% ($125/mo). Current median: $1,497.