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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 88242 zip code in Hobbs, NM?
Detailed Demographic Statistics
The zip code 88242 is in Lea county, is in the state of New Mexico. This zip code contains two cities including North Hobbs, NM (34.53%), and Hobbs, NM (2.32%) The total land area is 55.3 square miles and the water area is 0.1 square miles.
The zip 88242 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 7,520 in 2019 and 6,141 in 2010. Of this, the break down in 2019 was 4,333 urban and 3,186 rural. This further breaks down to 3,824 males (50.9%) and 3,695 females (49.1%). The median age of residents is 38.7 years. The population density (people per square mile) is 136. This zip code has a combined total of 2,792 houses and condos. There are 541 rented appartments. 21% of residents rent versus the 21% of residents in the state who rent.
The average individual gross adjusted income is $81,202 and the average salary is $61,980. The estimated median household income of individuals is around $79,395. This zip code has a mean commute time to work of 19.3 minutes. The unemployment rate is 3.8%. 7.6% of residents live below poverty line versus the 18.2% in the state that are below this line. The cost of living index is 85.6. The educational breakdown is 81.2% have a high school education or higher, 20.4% have a bachelor's degree or higher, and 10.7% have some kind of profesional degree.
The average size of households is 2.9 people. Individuals who are single and have never been married are 28.3%, 59.4% are now married, 0.8% are separated, 3.4% are widowed, and 8.1% are divorced. The average yearly contribution amount given by people to charity was $7,564 versus the state average of $4,195. The percent of residents who gave to charity was 17.9%.
The estimated median value of houses and condos is $220,707. The median monthly owner costs of mortgage holders was $1,490, where as the costs for those who don't have a mortgage are $383. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 5.0.
The real estate tax percent rate is 0.4% which equated to an average real estate tax amount payment of $912. 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 0.5% which amounted to an average tax amount of $1,162. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.3% which amounted to an average tax amount of $676. Reported taxable interest for persons was $1,427, dividends $2,528, capital gains +$13,369, and itemized deductions $24,724. The average earned income tax credit is $2,256. The percent of individuals that use a tax preparer is 66.0%. The total average income taxes paid by individuals was $7,327. Businesses reported an average profit of $37,891.Local Restaurants
Ranchers Steakhouse & Buffet
2022 N Turner St, Hobbs, NM 88240 (6.2 miles away)
Pioneer Steak House
2510 S Main Ave, Lovington, NM 88260 (14.7 miles away)
Sellers Steak House
425 W Broadway St, Denver City, TX 79323 (22 miles away)
Debby's Kountry Kitchen
800 Main St, Eunice, NM 88231 (25.7 miles away)
Dickey's Barbecue Pit
701 N Main St, Seminole, TX 79360 (28.3 miles away)
Steak House Cafe
Tatum 88213, Tatum, NM 88267 (32.4 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
