North Hobbs CDP: Median Gross Rent Trend
How North Hobbs CDP's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$942
2023
$1,109
Total change
+$167
% change
+17.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $942 | — |
| 2019 | $1,007 | +$65 (6.9%) |
| 2020 | $989 | $18 (-1.8%) |
| 2021 | $995 | +$6 (0.6%) |
| 2022 | $1,085 | +$90 (9%) |
| 2023 | $1,109 | +$24 (2.2%) |