Zip Code
Average Rent in 88231
88231 is a zip code in Hobbs, NM MSA. It ranks #1 out of 4 for places to rent. 88231 is in
the state of
New Mexico, the county of
Lea County, the congressional district of
District 02 and 7 cities. Dwellsy has rental data there are no sections, no neighborhoods and no rental communities in 88231.The average rent over the last 3 months for places in 88231 is $2,733 which represents an increase of 29.96% over the same period.
Rental Price Comparison
The average rent for places in zip 88231 currently stands at $2,733.
In comparison, places in the average state, specifically New Mexico, is less expensive, with an average rent of $1,487. This represents a difference of -46% when compared to 88231.
Meanwhile, in the average msa of Hobbs, NM MSA, the average rent for the same type of housing is $1,560, showing a less expensive of -43% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a less expensive by -32% when compared to the rent in 88231.
$2,733
88231
VS$1,487
-46%
NM, state
$1,560
-43%
Hobbs, NM MSA, msa
$1,859
-32%
USA, us
Average price for rental listings over the last 3 months. Last updated May 31 2026
