ZIP Code 88264

Hobbs, NM — income, home value, property tax, and sales tax.

Median household income
N/A
Per-capita income
N/A
Median home value
$184,000
Property tax rate
0.48%
Combined sales tax
4.88%

In ZIP code 88264, near Hobbs, the tax picture leans lightly on a household's wallet. Property taxes run at an effective rate of 0.48% at the county level, so a home's assessed value translates into a comparatively gentle annual bill. Sales tax across the area totals 4.88%, which applies to everyday purchases but stays below what many parts of the country charge. Together, these two rates shape what a family keeps after covering housing and daily spending. For anyone weighing income against housing costs and consumption taxes here, the combined effect leaves a workable margin rather than a heavy drag.