Interested in purchasing investment houses in the 88240 zip code in Hobbs, NM?
The zip code 88240 is in Lea county with a latitude of -103.471520000000 and longitude of 32.707800000000, is in the state of New Mexico. The average asking price of houses and condos is $205,209.00 and the average sale price was $84,310.00. this regions is classified as the Albuquerque - Santa Fe metro area and is in the 575 area code. The location in degrees is 32° 42' 28.08" N, 103° 28' 17.472" W. The county F.I.P.S. is 35025. This zip code contains three cities including Hobbs, NM (3.63%), Nadine, NM (1.89%), and North Hobbs, NM (1.11%) The total land area is 624.9 square miles and the water area is 0.5 square miles. The elevation in this area is 3501 - 3852 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 88240 is in county number 025 and is L. Sector 09, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 41,390 in 2019 and 37,149 in 2010. Of this, the break down in 2019 was 36,577 urban and 4,812 rural. This further breaks down to 21,856 males (52.8%) and 19,533 females (47.2%). The median age of residents is 31.1 years. The population of the greater Hobbs, NM area is 60,926. The population density (people per square mile) is 66. This zip code has a combined total of 15,583 houses and condos. There are 5,151 rented appartments. 39% of residents rent versus the 39% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $52,090 and the average salary is $45,388. The median household income of individuals is $34,892.00 and the average is $58,180.00. This zip code has a mean commute time to work of 21.1 minutes. The unemployment rate is 5.8%. Income earners by percent breakdown as 66.10% (Under $50,000), 25.30% ($50,000-$100,000), and 8.70% earn over $100,000. 16.3% of residents live below poverty line versus the 18.2% in the state that are below this line. The cost of living index is 83.3. The educational breakdown is 74.9% have a high school education or higher, 14.8% have a bachelor's degree or higher, and 5.4% have some kind of profesional degree.
This area has 12,631 households and the average size is 3.0 people. Individuals who are single and have never been married are 34.4%, 47.2% are now married, 2.4% are separated, 5.3% are widowed, and 10.7% are divorced. The average yearly contribution amount given by people to charity was $5,865 versus the state average of $4,195. The percent of residents who gave to charity was 11.4%.
The estimated median value of houses and condos is $151,377. The median monthly owner costs of mortgage holders was $1,176, where as the costs for those who don't have a mortgage are $346. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 0.4% which equated to an average real estate tax amount payment of $677. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,403. The median housing property tax percent for residents with mortgages was 0.6% which amounted to an average tax amount of $965. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.4% which amounted to an average tax amount of $475. Reported taxable interest for persons was $1,767, dividends $5,069, capital gains +$10,137, and itemized deductions $24,246. The average earned income tax credit is $2,477. The percent of individuals that use a tax preparer is 67.8%. The total average income taxes paid by individuals was $5,602. Businesses reported an average profit of $23,906.
Ranchers Steakhouse & Buffet
2022 N Turner St, Hobbs, NM 88240
Cattle Baron
1930 N Grimes St, Hobbs, NM 88240
Saxony Prime Time Lounge
501 N Marland Blvd, Hobbs, NM 88240
Centennial Steakhouse
3901 W Millen Dr, Hobbs, NM 88240
Outlaw Grill
1007 E Main St, Hobbs, NM 88240
Outlaw Grill
521 W Navajo Dr, Hobbs, NM 88240
Tokyo Steak House
915 E Bender Blvd, Hobbs, NM 88240
Bovine & Swine's Barbecue Company
2404 N Grimes St, Hobbs, NM 88240
Dickey's Barbecue Pit
1010 W Joe Harvey Blvd, Hobbs, NM 88240
Texas Roadhouse
4210 N Lovington Hwy, Hobbs, NM 88240
Sanders Bar B Q
1609 S Landfill Rd, Hobbs, NM 88240
Holidaze Restaurant & Lounge
2827 N Dal Paso St, Hobbs, NM 88240
Cotton Patch Cafe
901 W Joe Harvey Blvd, Hobbs, NM 88240
The Turf Club Restaurant
3901 W Millen Dr, Hobbs, NM 88240
Wing Street
2112 N Turner St, Hobbs, NM 88240
Havaneros Restaurant & Grill Ll
3414 N Lovington Hwy, Hobbs, NM 88240
El Caballero Restaurant
501 N Marland Blvd, Hobbs, NM 88240
El Fogon
3414 N Lovington Hwy, Hobbs, NM 88240
Nipa Hut Restaurant
1105 S Dal Paso St, Hobbs, NM 88240
El Coco Pirata
221 N Dal Paso St, Hobbs, NM 88240
Debby's Kountry Kitchen
800 Main St, Eunice, NM 88231 (19.6 miles away)
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