Hobbs, NM Micro Area: Median Gross Rent Trend
How Hobbs, NM Micro Area'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
$831
2023
$1,119
Total change
+$288
% change
+34.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $831 | — |
| 2019 | $895 | +$64 (7.7%) |
| 2020 | $911 | +$16 (1.8%) |
| 2021 | $967 | +$56 (6.1%) |
| 2022 | $1,031 | +$64 (6.6%) |
| 2023 | $1,119 | +$88 (8.5%) |