Hobbs, NM — income, home value, property tax, and sales tax.
ZIP code 88231, near Hobbs, sits in middle-income territory, with a median household income of $51,417 and per-capita income of $32,337. Home values center around $128,900, and the county-level property tax rate of 0.48% keeps annual taxes on such a home below $700. Sales tax combines to 4.88%, so everyday purchases carry a smaller added cost than in many parts of the country. Together, these figures describe a working- to middle-income area where housing costs stay within reach and the overall tax load remains restrained.
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