Zip Code
88240
City
Hobbs, NM
Population & Migration
What is the forecasted population for Zip code 88240 Hobbs, NM?
- Population census 2020
- 41,574
- Forecasted population 2025
- 43,072
- 3.6% vs. 2020
- Forecasted population 2030
- 45,877
- 10.4% vs. 2020
Zip code 88240 Hobbs, NM population is forecasted to decrease 3.6% by 2025 (-1.1 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 43,072 people for 2025 zip code 88240 Hobbs, NM will generate a good demand for housing, which is expected to have a deficit of 1,622 houses for 2030. Vacancy rate is 3.0 points above national US average.
- Total homes available 2020
- 15,670
- Estimated total home demand in 2030
- 17,292
- Total homes balance inventory
- 1,622
Average Household Income in zip code 88240 Hobbs, NM
from Internal Revenue Service
- Average household income in 2021
- $80,963
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 88240 Hobbs, NM?
County total number of drinking water violations
173
-23%
226
County total number of drinking water contaminations
10
-57%
23
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