Hobbs vs South Valley: Housing
| Hobbs | South Valley | |
|---|---|---|
| Median Home Value | $191,300 | $224,300 |
| Median Gross Rent | $1,112/mo | $954/mo |
| Homeownership Rate | 66.0% | 74.4% |
| Rent as Share of Income | 20.8% | 19.7% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.