ZIP Code 88242
Located in Hobbs, NM (Lea County)
ZIP Code 88242 (Hobbs, NM): Quick Facts & Overview
- Population: 8,472 residents (47 people per sq. mi.)
- Average House Price: $238,820
- Average Household Income: $90,000
ZIP code 88242 primarily serves Hobbs, NM in Lea County. An estimated 8,472 people live within this area, with about 47 residents living in every square mile.
If you are looking for a home in ZIP code 88242, the average price is around $238,820. That makes local housing 4% higher than the New Mexico average of $230,737, and 23% lower than the national average of $308,592.
The average household in 88242 earns about $90,000 a year. This income is 51% higher than the average family in New Mexico ($59,665), and 14% higher than the national average ($78,686).
Population
8,472
Median Household Income
$90,000
Median Home Value
$238,820
Median Age
32.5 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $35,537 |
| Labor Force Participation | 60.9% |
| Unemployment Rate | 5.7% |
| Average Commute Time | 22.9 mins |
Housing & Community Metrics
| Home Ownership Rate | 84.4% |
| Median Rent | $1,534 |
| Rent Burdened (>30% Income) | 22.9% |
| Total Housing Units | 2,742 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Hobbs |
| County | Lea |
| County FIPS | 35025 |
| Metro Area (CBSA) | Hobbs, NM |
| Population Density | 46.5/sq mi |
| Coordinates (lat/lng) | 32.8165, -103.1601 |
| Timezone | America/Denver |
Household Structure
| Average Family Size | 3.58 |
| Dual Income Families | 50.3% |
Marital Status
| Married | 56.0% |
| Never Married | 27.9% |
| Divorced | 11.4% |
| Widowed | 4.7% |
Gender
| Male | 51.2% |
| Female | 48.8% |
Health & Poverty
| Uninsured Rate (Health) | 14.9% |
| Poverty Rate | 10.1% |
Key Population Groups
| Veterans | 3.7% |
| Disabled Population | 11.5% |
| Limited English Proficiency | 8.6% |
All ZIP Codes in Hobbs
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 88244 | Hobbs, NM | 5.2 miles | 1,105 |
| 79323 | Denver City, TX | 17.7 miles | 7,485 |
| 88260 | Lovington, NM | 18.1 miles | 15,160 |
| 88240 | Hobbs, NM | 18.8 miles | 41,557 |
| 88265 | Monument, NM | 19.4 miles | 432 |
| 79360 | Seminole, TX | 26.8 miles | 17,342 |
| 88231 | Eunice, NM | 27.9 miles | 3,255 |
| 79355 | Plains, TX | 28.6 miles | 1,660 |
| 79359 | Seagraves, TX | 36.4 miles | 3,294 |
| 88267 | Tatum, NM | 36.7 miles | 1,347 |
| 79714 | Andrews, TX | 42.5 miles | 18,610 |
| 79378 | Wellman, TX | 44 miles | 289 |
| 88252 | Jal, NM | 47.1 miles | 2,364 |
| 79342 | Loop, TX | 48.4 miles | 249 |