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Real Estate Prices & Overview

Median real estate price in the City Center of Hobbs is $154,075, which is less expensive than 79.1% of New Mexico neighborhoods and 85.3% of all U.S. neighborhoods.

The average rental price in Hobbs City Center is currently $1,598, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.2% of New Mexico neighborhoods.

Hobbs City Center is a suburban neighborhood (based on population density) located in Hobbs, New Mexico.

Real estate in the City Center of Hobbs, NM is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Hobbs City Center. The current real estate vacancy rate here is 27.2%. This is higher than the rate of vacancies in 93.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hobbs, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Hobbs City Center neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 33.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 100.0% of all neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the Hobbs City Center neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 54.5% of its working residents employed in such fields, which is a higher proportion than 99.5% of American neighborhoods.

People

The Hobbs City Center neighborhood is unique for having just 5.1% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.1% of America's neighborhoods.

Diversity

Did you know that the Hobbs City Center neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 73.9% of this neighborhood's residents have Mexican ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the City Center neighborhood in Hobbs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.3% of U.S. neighborhoods. In addition, 9.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 51.1% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Hobbs City Center neighborhood, 54.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.1%), and 8.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Hobbs City Center neighborhood is English, spoken by 51.4% of households. Some people also speak Spanish (48.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center neighborhood in Hobbs, NM, residents most commonly identify their ethnicity or ancestry as Mexican (73.9%). There are also a number of people of German ancestry (7.2%), and residents who report Irish roots (2.5%), and some of the residents are also of Scots-Irish ancestry (2.4%), along with some Italian ancestry residents (2.4%), among others. In addition, 22.1% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Hobbs City Center neighborhood spend longer than one hour commuting one-way to work (33.6% of working residents), one of the longer commutes in America, which is a potential downside for residents of this neighborhood.

Here most residents (86.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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