Hobbs, NM Micro Area: Median Home Value Trend
How Hobbs, NM Micro Area's median home value 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
$118,500
2023
$176,000
Total change
+$57,500
% change
+48.5%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $118,500 | — |
| 2019 | $133,100 | +$14,600 (12.3%) |
| 2020 | $138,600 | +$5,500 (4.1%) |
| 2021 | $144,400 | +$5,800 (4.2%) |
| 2022 | $162,000 | +$17,600 (12.2%) |
| 2023 | $176,000 | +$14,000 (8.6%) |