ZIP Code 88240
Located in Hobbs, NM (Lea County)
ZIP Code 88240 (Hobbs, NM): Quick Facts & Overview
- Population: 41,557 residents (27 people per sq. mi.)
- Average House Price: $195,150
- Average Household Income: $63,270
ZIP code 88240 primarily serves Hobbs, NM in Lea County. An estimated 41,557 people live within this area, with about 27 residents living in every square mile.
If you are looking for a home in ZIP code 88240, the average price is around $195,150. That makes local housing 15% lower than the New Mexico average of $230,737, and 37% lower than the national average of $308,592.
The average household in 88240 earns about $63,270 a year. This income is 6% higher than the average family in New Mexico ($59,665), and 20% lower than the national average ($78,686).
Population
41,557
Median Household Income
$63,270
Median Home Value
$195,150
Median Age
31.2 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $31,717 |
| Labor Force Participation | 63.5% |
| Unemployment Rate | 6.9% |
| Average Commute Time | 23.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 67.1% |
| Median Rent | $1,100 |
| Rent Burdened (>30% Income) | 37.2% |
| Total Housing Units | 14,532 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Hobbs |
| County | Lea |
| County FIPS | 35025 |
| Metro Area (CBSA) | Hobbs, NM |
| Population Density | 26.7/sq mi |
| Coordinates (lat/lng) | 32.6729, -103.4345 |
| Timezone | America/Denver |
Household Structure
| Average Family Size | 3.50 |
| Dual Income Families | 49.8% |
Marital Status
| Married | 43.6% |
| Never Married | 38.0% |
| Divorced | 12.6% |
| Widowed | 5.8% |
Gender
| Male | 51.1% |
| Female | 48.9% |
Health & Poverty
| Uninsured Rate (Health) | 14.9% |
| Poverty Rate | 19.4% |
Key Population Groups
| Veterans | 3.3% |
| Disabled Population | 13.7% |
| Limited English Proficiency | 13.5% |
All ZIP Codes in Hobbs
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 88265 | Monument, NM | 8 miles | 432 |
| 88244 | Hobbs, NM | 13.7 miles | 1,105 |
| 88242 | Hobbs, NM | 18.8 miles | 8,472 |
| 88231 | Eunice, NM | 19.7 miles | 3,255 |
| 88260 | Lovington, NM | 21.8 miles | 15,160 |
| 88252 | Jal, NM | 35.3 miles | 2,364 |
| 79323 | Denver City, TX | 36.5 miles | 7,485 |
| 79360 | Seminole, TX | 41.3 miles | 17,342 |
| 88256 | Loving, NM | 42.3 miles | 1,935 |
| 88267 | Tatum, NM | 44.1 miles | 1,347 |
| 79355 | Plains, TX | 46.3 miles | 1,660 |
| 88210 | Artesia, NM | 46.5 miles | 18,542 |
| 79714 | Andrews, TX | 48.3 miles | 18,610 |
| 88232 | Hagerman, NM | 49.9 miles | 2,838 |