Hobbs, New Mexico: commercial real estate data.
Hobbs is a Census city of 40,252 people across 26.42 square miles of land, in Lea County. Median household income is $64,021, 66.0 percent of occupied homes are owned, and the SBA record carries 60 7(a) approvals to borrowers here worth $30.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hobbs
What Hobbs is
- Census place typecity
- Land area26.42 sq mi
- Water area0.03 sq mi
- Population per square mile of land1,524
- County holding the largest share of its areaLea County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hobbs
How many people live in Hobbs
- Population40,252
- Median age32.5
- Population under 1811,174
- Share under 1827.8 percent
- Population 65 and over4,786
- Share 65 and over11.9 percent
- Households14,211
- Family households9,290
- Share of households that are families65.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hobbs
Income and work in Hobbs
- Median household income$64,021
- Per capita income$32,862
- Civilian labor force18,832
- Employed17,654
- Unemployed1,178 plus or minus 404
- Unemployment rate6.3 percent plus or minus 2.1
- Adults 25 and over24,630
- Adults 25 and over with a high school diploma or higher74.4 percent
- Adults 25 and over with a bachelor degree or higher17.3 percent
- Adults 25 and over with a graduate degree7.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hobbs
Housing in Hobbs
- Housing units16,117
- Occupied units14,211
- Vacant units1,906 plus or minus 391
- Vacancy rate11.8 percent plus or minus 2.4
- Owner occupied9,379
- Renter occupied4,832
- Ownership rate66.0 percent
- Median owner-occupied home value$191,300
- Median gross rent, monthly$1,112
- Annual rent as a share of median income20.8 percent
- Single family units11,452
- Share single family71.1 percent
- Units in buildings of two or more2,780
- Share in buildings of two or more17.2 percent
- Mobile homes1,800
- Median year structure built1980
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hobbs
How Hobbs gets to work
- Workers 16 and over who commute16,907
- Commuting under 15 minutes9,389
- Share commuting under 15 minutes55.5 percent
- Commuting 30 minutes or more3,697
- Share commuting 30 minutes or more21.9 percent
- Drove alone76.1 percent
- Carpooled18.5 percent
- Public transport0.3 percent plus or minus 0.4
- Walked2.2 percent plus or minus 1.3
- Worked from home2.3 percent plus or minus 0.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hobbs
SBA loans in Hobbs (7(a))
- Approvals60
- Gross approval$30,461,100
- Average approval$507,685
- Median approval$139,350
- Ninetieth percentile approval$1,446,500
- Largest approval$5,000,000
- Jobs supported632
- Jobs per approval10.5
- Loans with a final outcome15
- Paid in full13
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more15.0 percent
- Share to franchises8.3 percent
- Distinct lenders16
- Distinct industries by NAICS33
Counted by borrower city: approvals to borrowers whose address is in Hobbs, in any county, FY2020 to FY2026. Only 15 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hobbs
SBA loans in Hobbs (504)
- Approvals5
- Gross approval$1,671,000
- Average approval$334,200
- Median approval$200,000
- Largest approval$660,000
- Jobs supported45
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Hobbs, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hobbs
Flood risk in Hobbs
- NFIP communityCity of Hobbs
- NFIP community number350029
- Participating in the NFIPYes
- Community Rating System classClass 9
- Currently effective map date12/16/08
The City of Hobbs participates in the National Flood Insurance Program as community 350029 and carries Community Rating System class 9, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lea County, not Hobbs
Lea County context, not Hobbs figures
- Establishments in Lea County1,730
- Covered employment, Lea County33,770
- Average annual pay, Lea County$69,342
- Housing units permitted, Lea County172
Every figure in this section is published for Lea County as a whole and is not a measurement of Hobbs.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Hobbs questions, answered from the record.
How many people live in Hobbs, New Mexico?
40,252, in 14,211 households. Hobbs city covers 26.42 square miles of land, which is 1,524 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hobbs in?
Lea County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hobbs?
$64,021. The median owner-occupied home is valued at $191,300. Median gross rent is $1,112 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hobbs businesses?
60 7(a) approvals totaling $30.5 m since FY2020, across 16 lenders, median approval $139,350, plus 5 504 approvals worth $1.7 m since FY2010. These count approvals to borrowers whose address is in Hobbs, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hobbs borrowers get paid back?
No rate is published for Hobbs. Only 15 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Hobbs in the National Flood Insurance Program?
Yes. Hobbs appears in the FEMA Community Status Book as Hobbs, city of, community 350029, carrying Community Rating System class 9, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hobbs figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lea County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hobbs.
Is zoning published for Hobbs?
No. Nothing on this page presents parcel level zoning.
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