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    Hobbs, NM Residential Land & Home Lots for Sale

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    Lovington, NM Monument, NM Eunice, NM
    11 listings
    Land in Hobbs, New Mexico
    $55,000
    0.88 Acres
    Land in Hobbs, New Mexico

    N Shady Lane, Hobbs, NM 88242

    0.88-acre tract for quiet country living between Lovington and Hobbs.
    • Large 0.88‑acre tract for spacious living.
    • Quiet country living environment.
    • Convenient location between Lovington and Hobbs.
    • Easy access to both Lovington and Hobbs.
    • Potential to build a dream home.
    Updated: Mar 11
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    Residential Lots in Hobbs, NM
    $59,000
    0.18 Acres
    Residential Lots in Hobbs, NM

    5115 W Longtail Road, Hobbs, NM 88240

    Residential lots available for builders and investors in Hobbs.
    • Lots available for builders and investors.
    • Lots to be sold in increments of 5 or more.
    • Public Sewer available.
    • Specific geographic location: Latitude 32.750286, Longitude -103.20173.
    • Suitable for development projects.
    Updated: May 5, 2024
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    Residential Lots in Hobbs, NM
    $57,000
    0.14 Acres
    Residential Lots in Hobbs, NM

    Residential land for sale, ideal for builders and investors.

    5023 W Longtail Road, Hobbs, NM 88240

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    Residential Land in Hobbs, NM
    $58,000
    0.16 Acres
    Residential Land in Hobbs, NM

    Land ready for builders and investors in Hobbs, New Mexico.

    5029 W Longtail Road, Hobbs, NM 88240

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    Residential Land in Hobbs, NM
    $59,000
    0.18 Acres
    Residential Land in Hobbs, NM

    Residential land for sale, suitable for builders and investors.

    5114 W Grey Ghost Road, Hobbs, NM 88240

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    Residential Land in Hobbs, NM
    $57,000
    0.14 Acres
    Residential Land in Hobbs, NM

    Residential lots available for builders and investors in Hobbs.

    5024 W Grey Ghost Road, Hobbs, NM 88240

    View details
    Residential Lots in Hobbs, NM
    $58,000
    0.16 Acres
    Residential Lots in Hobbs, NM

    Residential lots available for builders and investors in Hobbs.

    5017 W Longtail Road, Hobbs, NM 88240

    View details
    Residential Lots in Hobbs, NM
    $58,000
    0.16 Acres
    Residential Lots in Hobbs, NM

    Residential land for sale, suitable for builders and investors.

    5030 W Grey Ghost Road, Hobbs, NM 88240

    View details
    Residential Lots in Hobbs, NM
    $58,000
    0.16 Acres
    Residential Lots in Hobbs, NM

    Residential land for builders and investors, sold in increments.

    5110 W Grey Ghost Road, Hobbs, NM 88240

    View details
    Hobbs, NM Land for Sale
    $59,000
    0.18 Acres
    Hobbs, NM Land for Sale

    Residential land available in Hobbs, NM for builders and investors.

    5114 W Longtail Road, Hobbs, NM 88240

    View details
    Hobbs, NM Land For Sale
    $58,000
    0.16 Acres
    Hobbs, NM Land For Sale

    Residential lots available for builders and investors in Hobbs, NM.

    5104 W Grey Ghost Road, Hobbs, NM 88240

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Land in Seminole, TX
    $140,000
    0.64 Acres
    Residential Land in Seminole, TX

    Four adjoining lots totaling 0.64 acres suitable for building homes.

    110 NW 13th, Seminole, TX 79360

    View details
    Seminole TX Land Parcel
    $499,000
    13.00 Acres
    Seminole TX Land Parcel

    Large 13-acre parcel suitable for residential development in Seminole, TX.

    SW Ave. L, Seminole, TX 79360

    View details
    Lovington, NM Vacant Land
    $45,000
    0.14 Acres
    Lovington, NM Vacant Land

    Vacant lot suitable for residential or commercial use.

    Dencoe Drive, Lovington, NM 88260

    View details
    Vacant Land in Denver City
    $90,000
    10.27 Acres
    Vacant Land in Denver City

    10.27-acre vacant lot suitable for home or business.

    County Rd 390, Denver City, TX 79323

    View details

    Hobbs, NM Residential Land & Home Lots Investment Opportunities Market Analysis

    Explore 11 residential land & home lots for sale in Hobbs, NM, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $636,000.

    Sale prices for home sites in Hobbs, NM start at $55,000, averaging $57,818, and reaching up to $59,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 28
    Residential land & home lots 11
    Industrial land 2
    Agricultural land / Farmland 1

    Demographics Overview

    Population 50K
    Population Growth (5Y) +4.5%
    Median Household Income $69,020
    College Educated 12.0%

    High-Yield Neighborhoods for Investment

    Identify Hobbs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    88240 $58.1K
    88242 $87.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $10.31 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

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