ZIP Code 88240

Name: ZIP Code 88240 Home Values | Hobbs, NM
Creator: Zillow Research
License: https://www.zillow.com/research/data/

Hobbs, NM

Part of the Hobbs, NM metro area

Median Home Value

$200,776

1-Year Change

+2.7%

5-Year Appreciation

-15.5%

10-Year Appreciation

-1.4%

20-Year Appreciation

N/A

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Download ZIP 88240 Data 158 months · Mar 2013 – Apr 2026

Home values · Rent · Sale prices · Market activity · Listings

↓ Download CSV — Free, no account Source: Zillow Research (ZHVI)

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Other ZIPs in Hobbs, NM 10YoY Appreciation

88231 Eunice N/A 88242 Hobbs +21.6% 88252 Jal N/A 88260 Lovington -4.2% 88267 Tatum N/A

About This Data

Home value data for ZIP code 88240 is sourced from Zillow Research (ZHVI — Zillow Home Value Index). Values represent the typical home value for the middle tier of the housing market.

Appreciation figures compare the most recent available month to the same period 1, 5, 10, and 20 years prior. Data covers 26,000+ U.S. ZIP codes.