ZIP Code 88265

In ZIP code 88265, near Hobbs, homes carry a median value of $261,400, while the county's effective property tax rate sits at 0.48%. That rate works out to roughly $1,255 a year in property taxes on a median-priced home. With per-capita income at $24,713, that tax bill equals about 5% of a single resident's annual earnings — a meaningful share, though the low rate keeps it from climbing higher. Sales taxes add 4.88% at checkout. Buyers weighing a move here should consider how the home value stacks up against what local incomes can carry.