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These days, finding an affordable place to live in the Hobbs area can be challenging. Home prices in Hobbs are now at a median cost of $203,301, lower than the Indiana average of $232,932.
The average cost of rent is $806/mo in Hobbs, primarily driven by the current value of real estate in the Hobbs area. In Hobbs, 20.09% of households rent, and 39.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hobbs is $6,522 per month. Households that rent pay about 12.36% of their income on rent here. Hobbs’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tipton, IN: equally priced homes
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- Windfall, IN: equally priced homes
- Omega, IN: higher priced homes
- Elwood, IN: less expensive homes
- Rigdon, IN: equally priced homes
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- Arcadia, IN: higher priced homes
Cities with Similar Populations
- Schlater, MS: less expensive homes
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- Rogers, NE: higher priced homes
- Romayor, TX: higher priced homes
- Rossie, NY: less expensive homes
- Roxalana, WV: less expensive homes
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