ZIP code 88240: Hobbs, NM
88240 is a ZIP code in Hobbs, New Mexico, mainly in Lea County, part of the Hobbs, NM micro area. About 41,557 people live here.
- Population
- 41,557
- Median household income
- $63,270
- Typical home value
- $196,000+4.1% in 12 months
- Median rent
- $1,100gross, per month
- Median age
- 31.2
- Homeowners
- 67.1%of occupied homes
Shaded: ZIP code 88240's area. Click anywhere on the map to see which ZIP code it's in.
ZIP codes within 10 milesWithin 25 miles
ZIP code 88240 details
| City | Hobbs |
|---|---|
| State | New Mexico |
| County | Lea County |
| Metro area | Hobbs, NM |
| Time zone | Mountain Time (UTC−7), observes daylight saving time |
| Type | Standard (delivery area) |
| Land area | 600.2 sq mi, plus 0.3 sq mi of water |
| Population density | 69 people per sq mi |
| Bachelor's degree or higher | 16.2% of adults 25+ |
| Average commute | 23.5 minutes |
| Center coordinates | 32.67468, -103.44680 |
Median rent in 88240 by bedrooms
| Size | Median gross rent |
|---|---|
| Studio | $1,077/mo |
| 1 bedroom | $878/mo |
| 2 bedrooms | $1,031/mo |
| 3 bedrooms | $1,235/mo |
| 4 bedrooms | $1,288/mo |
Gross rent includes utilities paid by the tenant. ACS 2020–2024; sizes with too few rentals to estimate are left out.
ZIP codes near 88240
| ZIP code | City | Distance | Population |
|---|---|---|---|
| 88265 | Monument, NM | 8.6 mi | 432 |
| 88244 | Hobbs, NM | 14.3 mi | 1,105 |
| 88241 | Hobbs, NM | 14.3 mi | — |
| 88242 | Hobbs, NM | 19.1 mi | 8,472 |
| 88264 | Maljamar, NM | 20.1 mi | 9 |
| 88231 | Eunice, NM | 20.4 mi | 3,255 |
| 88260 | Lovington, NM | 22.3 mi | 15,160 |
| 88262 | Mcdonald, NM | 31.3 mi | 20 |
Population and median household income: ACS 2020–2024 5-year estimates. Typical home value: Zillow Home Value Index (September 2026) where available, otherwise the ACS median owner-reported value. "PO Box" marks ZIP codes with no delivery area of their own. Methodology
Buying a home in 88240?
A typical home in ZIP code 88240 is worth about $196,000 (Zillow Home Value Index). The median household here earns $63,270 a year. See what buying here would cost per month, with New Mexico average taxes and insurance filled in.
Monthly payment for a $196,000 homeWhat can a $63,270 income afford?Rental property numbers
About ZIP code 88240
What city is ZIP code 88240?
ZIP code 88240 is in Hobbs, NM, in Lea County.
What county is ZIP code 88240 in?
88240 is mainly in Lea County, New Mexico.
What is the population of ZIP code 88240?
About 41,557 people live in ZIP code 88240, according to the American Community Survey 2020–2024 5-year estimates.
What time zone is ZIP code 88240 in?
88240 is in Mountain Time (UTC−7). It observes daylight saving time.