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Hobbs, New Mexico
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The Rivas Real Estate Team

Real Estate Team · Hobbs, New Mexico

Photo: Hobbs, New Mexico by Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0 via Wikimedia Commons

Real Estate Team in Hobbs

About The Rivas Real Estate Team

The Rivas Real Estate Team works out of Hobbs, New Mexico, and says it serves clients in both New Mexico and Texas. Hobbs sits close to the state line, so a team comfortable on both sides of the border can be useful for anyone relocating between Lea County and the Permian Basin towns of West Texas.

Because this is a team, ask who leads it, who will be your main contact and how tasks such as showings, negotiation and paperwork are divided among members. If your purchase or sale is in Texas, confirm which team members are licensed there.

Serving Clients in New Mexico and Texas— How The Rivas Real Estate Team describes the business

Location

Hobbs, New Mexico

Local time

12:58 PMHobbs · Mountain Time · Wednesday, October 14

No published office hours. If this is your listing, you can send your hours.

Home values in Hobbs

Typical home$217K
1-year+3.8%
5-year-9.4%
Typical rent$1,373
$180K$210K$240K$270KAug 2016 · $211,457Feb 2017 · $211,778Aug 2017 · $207,688Feb 2018 · $216,162Aug 2018 · $211,435Feb 2019 · $219,766Aug 2019 · $230,789Feb 2020 · $238,322Aug 2020 · $238,171Feb 2021 · $251,981Aug 2021 · $239,079Feb 2022 · $229,656Aug 2022 · $222,420Feb 2023 · $217,161Aug 2023 · $209,800Feb 2024 · $205,526Aug 2024 · $203,832Feb 2025 · $207,119Aug 2025 · $208,583Feb 2026 · $213,638Aug 2026 · $216,560Aug 2016Aug 2021Aug 2026

Zillow’s index estimates the middle-of-the-market home in Hobbs at around $216,560 (August 2026). Over twelve months the typical value rose 3.8%, against a 1.7% rise for New Mexico as a whole. The five-year change stands at -9.4%. Hobbs sits 32% below the New Mexico typical value of $318,241. Renters pay around $1,373 per month for a typical unit, +7.0% versus last year.

Monthly payment calculator

Starts from the typical Hobbs home value. Change any field.

Principal & interest—
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Estimate only. Taxes and insurance start at an assumed 1.5% of the price per year; enter real figures for a specific home. PMI and HOA dues are not included.

Source: Zillow Home Value Index and Observed Rent Index, August 2026. More on the Hobbs market

Profile details

NameThe Rivas Real Estate Team
Profile typeReal Estate Team
Primary marketHobbs, New Mexico
CountyLea County
Social media followers7,813
License regulatorNew Mexico Real Estate Commission
Time zoneMountain Time
Last reviewedOctober 13, 2026

Communities around Hobbs

CommunityDistanceTypical home1 yearListed
Andrews, TX43 mi$267,158+7.0%1

Questions about The Rivas Real Estate Team

Where is The Rivas Real Estate Team located?
The Rivas Real Estate Team is listed in Hobbs, New Mexico (Lea County).
Which nearby communities have listed professionals?
Andrews (43 mi, 1 listing).
What does a typical home cost in Hobbs?
About $216,560 in August 2026 (Zillow Home Value Index), +3.8% versus a year earlier; typical rent is $1,373 a month.

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DirectionsCompare nearby