Performance indicators for the Hobbs short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
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Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Hobbs.
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Generally Investor friendly
Short‑term rentals are lawful in Hobbs without a city‑specific license or caps, and the only known obligations are state Gross Receipts Tax and possible local lodging tax. Lack of an explicit local ordinance lowers compliance cost but adds some uncertainty until hosts verify any local tax or zoning rules.
Local STR Agent
STR specialist · Hobbs, NM
Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census, increasing from 34,122 in 2010. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area, which includes all of Lea County.