Hobbs, NM Rent History
42 months of data, 2023–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,484
1-year change
+9.9%
$134/mo
Monthly rent trend
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Year-by-year rent in Hobbs
| Year | Median rent | YoY change | vs 2023 |
|---|---|---|---|
| 2023 | $1,165/mo | — | 0.0% |
| 2024 | $1,229/mo | +5.5% | +5.5% |
| 2025 | $1,316/mo | +7.1% | +13.0% |
| 2026 | $1,397/mo | +6.2% | +19.9% |
Frequently asked questions
How much has rent in Hobbs changed since 2023?
Median rent in Hobbs, NM was $1,165 in 2023-04 and is $1,484 as of 2026-09 — a change of $319 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 +9.9% ($134/mo). Current median: $1,484.