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 $251,560, lower than the Maryland average of $357,815.
The average cost of rent is $1,566/mo in Hobbs, primarily driven by the current value of real estate in the Hobbs area. While nearly 35.38% of residents own their homes outright in Hobbs, 17.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hobbs is $6,327 per month. Households that rent pay about 24.75% of their income on rent here. Hobbs's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Denton, MD: equally priced homes
- Burrsville, MD: less expensive homes
- Williston, MD: higher priced homes
- Smithville, MD: less expensive homes
- Greensboro, MD: less expensive homes
- Vernon, DE: equally priced homes
- Templeville, MD: higher priced homes
- Ridgely, MD: equally priced homes
- Harmony, MD: higher priced homes
- Lewistown, MD: higher priced homes
Cities with Similar Populations
- Rosette, UT: less expensive homes
- Lentner, MO: less expensive homes
- Leon, OK: less expensive homes
- Leota, MO: less expensive homes
- LeRoy, WI: less expensive homes
- Libertytown, MD: higher priced homes
- Lickingville, PA: less expensive homes
- Literberry, IL: less expensive homes
- Little Valley, CA: higher priced homes
- Lively Grove, IL: less expensive homes
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