Home Price Key
Affordable
Average
Expensive
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 $157,360, lower than the Indiana average of $175,617.
The average cost of rent is $825/mo in Hobbs, primarily driven by the current value of real estate in the Hobbs area. While nearly 38.61% of residents own their homes outright in Hobbs, 15.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hobbs is $5,692 per month. Households that rent pay about 14.49% of their income on rent here. Hobbs's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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- Leisure, IN: equally priced homes
- Arcadia, IN: equally priced homes
Cities with Similar Populations
- Schlater, MS: less expensive homes
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- Marshall Corner, NH: higher priced homes
- Rogers, NE: equally priced homes
- Romayor, TX: less expensive homes
- Rossie, NY: less expensive homes
- Roxalana, WV: equally priced homes
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