88242 Zip Code

April 24, 2024

Zip Code:	88242
City/Town:	Hobbs
State:	New Mexico

Population:	6,141
Per Capita Income:	$19,755
Mean Household Income:	$58,566

Total Housing Units:	2,157
Median Home Value:	$92,700
Median Year Homes Built:	1981

Land Area:	55.3 sq miles 143.3 sq kilometers
Water Area:	0.1 sq miles 0.2 sq kilometers

Population Information (88242 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

6,141

Male:

3,133

51.0%

49.2%

Female:

3,008

49.0%

50.8%

Median Age:

36.7 yrs

37.2 yrs

Under 5 years:

484

7.9%

6.5%

5 to 9 years:

454

7.2%

6.6%

10 to 19 years:

930

15.1%

13.8%

20 to 29 years:

689

11.2%

13.8%

30 to 39 years:

767

12.5%

13.0%

40 to 49 years:

899

14.6%

14.2%

50 to 59 years:

976

15.9%

13.6%

60 to 69 years:

547

8.9%

9.4%

70 to 79 years:

280

4.6%

5.4%

80 years and over:

115

1.9%

3.7%

Housing Information (88242 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$92,700

$119,600

Median year homes build:

1981

1971

Median real estate taxes:

$433 / yr.

$1,334 / yr.

Median rent:

$383 / mo.

$519 / mo.

Total households:

2,157

Family households:

1,690

78.3%

66.4%

Nonfamily households:

467

21.7%

33.6%

Households with individuals under 18 years:

844

39.1%

33.4%

Households with individuals 65 years and over:

441

20.4%

24.9%

Average household size:

2.8

Average family size:

3.2

Total housing units:

2,335

Occupied housing units:

2,157

92.4%

88.6%

Vacant housing units:

178

7.6%

11.4%

For rent:

1.6%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.1%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

0.9%

3.5%

All other vacants:

3.5%

2.8%

Homeowner vacancy rate:

1.4%

2.4%

Rental vacancy rate:

9.7%

9.2%

Owner-occupied housing units:

1,812

Population in owner-occupied housing units:

5,120

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

345

Population in renter-occupied housing units:

998

Average household size of renter-occupied units:

2.9

2.44

Educational Attainment (88242 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

3,171

Less than 9th grade:

130

4.1%

6.2%

9th to 12th grade, no diploma:

414

13.1%

8.7%

High school graduate (includes equivalency):

1,036

32.7%

29.0%

Some college, no degree:

943

29.7%

20.6%

Associate degree:

247

7.8%

7.5%

Bachelor's degree:

272

8.6%

17.6%

Graduate or professional degree:

129

4.1%

10.3%

Percent high school graduate or higher:

82.8%

85.0%

Percent bachelor's degree or higher:

12.6%

27.9%

Income Information (88242 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

1,788

29.1%

50.4%

Median income:

$30,172 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,050

17.1%

59.7%

Median income:

$39,885 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,465

23.9%

49.6%

Median income:

$14,910 / yr.

$16,327 / yr.

Full-time, year-round workers:

673

11.0%

40.3%

Median income:

$24,142 / yr.

$28,135 / yr.

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