Movoto Real Estate

88240, Market Trends

There are 126 active listings and 6 new listings in 88240, NM.
In 88240, NM, homes sold for a median price of $370,000 in April 2026.
On average, properties in Hobbs, NM sell after 120 days on the market compared to 152 days last year.
58 homes were sold in Hobbs, NM in April 2026, up from 32 last year.
Hobbs, NM is part of the Lea County R-1 School District, with 15 Elementary Schools, 3 Middle Schools, and 2 High Schools.
The average rating of all the schools in Hobbs, NM is 6 out of 10 by GreatSchools.

88240, NM Homes For Sale

88240 Overview

Active Homes

126

See Active Homes

New Homes

6

Open Houses

0

Price Reduced

12

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88240 Market Trends & Statistics

last updated on May 23, 2026

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88240 Demographics and Neighborhood Info

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Schools in 88240

88240, Hobbs hosts 19 public schools with an average rating of 6 of out 10 by GreatSchools. You can also find 2 private schools.

School Districts

1

Elementary Schools

15

Middle Schools

3

High Schools

2

Grades:
Elementary
Middle
High

B.T. Washington Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 9 out of 10

Coronado Elementary School

public School, Grades K-5

GreatSchools Rating: 8 out of 10

Sanger Elementary School

public School, Grades K-5

GreatSchools Rating: 7 out of 10

College Lane Elementary School

public School, Grades K-5

GreatSchools Rating: 7 out of 10

Will Rogers Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 7 out of 10

Edison Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 7 out of 10

Mills Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 7 out of 10

Broadmoor Elementary School

public School, Grades K-5

GreatSchools Rating: 7 out of 10

Stone Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 6 out of 10

Jefferson Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 5 out of 10

Southern Heights Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 5 out of 10

Taylor Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 5 out of 10

Murray Elementary School

public School, Grades PK, K-5

GreatSchools Rating: 4 out of 10

Victory Center Chris

private School, Grades 2-4, 6

GreatSchools Rating: This school is not rated.

St Helena School

private School, Grades PK-5

GreatSchools Rating: This school is not rated.

Browse School Districts

Hobbs Municipal Schools

88240 Property Insights

People

People

49% Female/Male
Avg Age is 34 Years Old

School

School

14% with College Degree
72% with High School Diploma

Earnings

Earnings

Avg Household Earnings $71K
16% in Poverty

May Temperature

May Temperature

68° Fahrenheit

H: 84°F L: 52°F

Days of Sunshine

Days of Sunshine

Very High

Compared with the National Average

Rainfall

Rainfall

19 Inches

Snowfall

Snowfall

4 Inches

Arid Steppe - cold

Arid Steppe - cold

Cold semi-dry climate without enough annual precipitation to form standing water bodies but enough precipitation to avoid desert conditions.

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