County market report · FIPS 35025
Lea County, NM
Hobbs, NM · Population 71,830 (Census V2020 est.)
Typical value
$196,513
Sep 2026
1M
-0.3%
3M
-0.1%
12M
+3.0%
5Y
-17.3%
10Y
-10.7%
From peak
-23.9%
Peak $258,132 · Feb 2021
Rank US / state
1473 / 10
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyB · Early Warning
r3-0.09%p3+0.66%Acceleration-0.76ppMonths persisting1Evidence (Price-Only)58/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $190,627 | +0.5% |
| 2024 | $189,754 | -1.3% |
| 2023 | $192,180 | -8.7% |
| 2022 | $210,518 | -9.5% |
| 2021 | $232,648 | -9.5% |
| 2020 | $257,176 | +4.8% |
| 2019 | $245,465 | +7.8% |
| 2018 | $227,647 | +3.6% |
| 2017 | $219,720 | +0.3% |
| 2016 | $219,169 | -2.3% |
| 2015 | $224,253 | +0.0% |
| 2014 | $224,220 | +10.6% |
| 2013 | $202,806 | — |