Zip Code 88240
Hobbs, New Mexico — Lea County
📍 ZIP code 88240 is in Hobbs, Lea County, New Mexico.
ZIP code 88240 is located in Hobbs, Lea County, New Mexico. It is a zip code in the Mountain (MST/MDT) Time Zone with an estimated population of 41,612. The area code for ZIP code 88240 is 575.
Quick Answer
Zip code 88240 is in Hobbs, New Mexico (Lea County). It has a population of 41,612, median household income of $65,394, and median home value of $177,200.
Population
41,612
Income
$65,394
Home Value
$177,200
Climate
92°F / 30°F
About Zip Code 88240
Zip code 88240 is located in Hobbs, New Mexico, within Lea County. Home to approximately 41,612 residents, this area sits at an elevation of 3931 ft and falls within the Mountain (MST/MDT) timezone. The local area code is 575.
The median household income is $65,394 per year, which is below the national median of $70,784. Homes in this zip code have a median value of $177,200, and the cost of living index is 68 (32% below the national average of 100).
Summers average a high of 92°F while winters drop to 30°F. The area receives about 15 in of rain and 1 in of snow annually. The zip code covers 625.3 square miles of land area and 0.4 square miles of water.
Key Statistics
41,612
$65,394
$177,200
Mountain (MST/MDT)
575
3931 ft
625.3 sq mi
30.1
16,490
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Compare With Nearby Zip Codes
| Metric | 88240 | 88265 | 88264 | 88242 | 88260 | 88231 |
|---|---|---|---|---|---|---|
| City | Hobbs, NM | Monument, NM | Maljamar, NM | Hobbs, NM | Lovington, NM | Eunice, NM |
| Population | 41,612 | 437 | 10 | 7,684 | 15,410 | 3,360 |
| Median Income | $65,394 | $0 | $0 | $88,654 | $75,197 | $72,019 |
| Home Value | $177,200 | $265,900 | $0 | $218,700 | $174,200 | $151,800 |
| Cost of Living | 68 | 94 | 100 | 89 | 73 | 68 |
| Median Age | 30.1 | 26.4 | -666666666 | 33.8 | 33.7 | 34.5 |
Cost of Living
100 = National Average. Hobbs's cost of living is 32% below the national average.
vs. State Avg
Below
Affordability
Very Affordable
Income-to-Home
2.7x
Demographics
Zip code 88240 has a population of 41,612 people with a median age of 30.1. There are 16,490 housing units in this area.
Racial & Ethnic Composition
Source: U.S. Census Bureau American Community Survey estimates.
Population History
Hobbs (88240) population trend from 2010 to 2024
↑ 108.3%Source: U.S. Census Bureau estimates and American Community Survey data.
Climate & Weather
92°F
30°F
15 in
1 in
Hobbs experiences hot summers with average highs around 92°F. Winters are cool with lows averaging 30°F. The area receives about 1 in of snow per year.
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Housing & Economy
Median Home Value
$177,200
Median Household Income
$65,394
With 16,490 housing units across 625.3 square miles, 88240 has a housing density of 26 units per square mile. The home price-to-income ratio is 2.7x.
Location & Geography
Latitude
32.7038°
Longitude
-103.4851°
Land Area
625.3 sq mi
Water Area
0.4 sq mi
Nearby Zip Codes
Zip codes closest to 88240 (Hobbs, NM) with distances:
All Zip Codes in Hobbs, NM
Other zip codes serving Hobbs:
ZIP Codes with Similar Income Nationwide
The five U.S. ZIP codes whose median household income is closest to 88240's $65,394. A way to compare Hobbs to economically similar communities elsewhere in the country.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
ZIP Codes with Similar Demographics
The five U.S. ZIP codes whose racial and ethnic composition most closely matches 88240 (Hobbs, NM). Similarity is measured by cosine distance on the five-category ACS demographic vector.
Computed from U.S. Census Bureau ACS 5-Year Estimates by the Zip Code Near Me Data Team.
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People Also Ask
What zip code is Hobbs, New Mexico?
Hobbs, New Mexico uses zip code 88240 along with 1 other zip codes.
What county is zip code 88240 in?
Zip code 88240 is located in Lea County, New Mexico.
What is the population of zip code 88240?
The population of zip code 88240 is 41,612 with a median age of 30.1.
Is 88240 in Hobbs, New Mexico?
Yes, zip code 88240 is in Hobbs, Lea County, New Mexico. The area code is 575.
Frequently Asked Questions
What city is zip code 88240 in?
Zip code 88240 is in Hobbs, New Mexico. It is part of Lea County and uses the Mountain (MST/MDT) timezone.
What is zip code 88240?
Zip code 88240 is a U.S. postal code in Hobbs, New Mexico (Lea County). It has a population of 41,612 and covers 625.3 square miles.
What is the population of zip code 88240?
The population of zip code 88240 (Hobbs, NM) is 41,612 with a median age of 30.1. There are approximately 16,490 housing units in this area.
What is the median income in zip code 88240?
The median household income in zip code 88240 (Hobbs, NM) is $65,394 per year. The cost of living index is 68 (100 = national average).
What is the average home price in zip code 88240?
The median home value in zip code 88240 (Hobbs, NM) is $177,200. The cost of living index is 68 compared to the national average of 100.
What county is zip code 88240 in?
Zip code 88240 is located in Lea County, New Mexico. The primary city is Hobbs.
What is the area code for zip code 88240?
Zip code 88240 in Hobbs, NM uses area code 575. It is located in the Mountain (MST/MDT) timezone.
Is zip code 88240 a good place to live?
Zip code 88240 (Hobbs, NM) has a cost of living index of 68 (100 = national average), a median household income of $65,394, and median home values of $177,200. The median age is 30.1. Visit the full page for demographics, climate, and nearby zip code comparisons.
What is the cost of living in zip code 88240?
The cost of living index for zip code 88240 (Hobbs, NM) is 68, where 100 represents the national average. This area is below the national average. Median home value: $177,200.
What schools serve zip code 88240?
Zip code 88240 in Hobbs, New Mexico is served by the local school district of Lea County. For specific school information, check your state's department of education or GreatSchools.org.
All demographic data on this page is sourced from the U.S. Census Bureau American Community Survey (ACS) 5-Year Estimates. ZIP code boundary and delivery data is sourced from the United States Postal Service (USPS). Data is updated periodically and may not reflect the most current figures. Census Bureau ZIP Code Tabulation Areas (ZCTAs) may differ slightly from USPS ZIP code boundaries.
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Data Sources
- Population, income, housing, age, and demographics
- U.S. Census Bureau, American Community Survey 5-Year Estimates, 2019-2023 vintage.
- ZIP to city and county mapping
- USPS and HUD-USPS ZIP-County Crosswalk.
- Time zones and area codes
- IANA tz database and NANPA.
- Elevation
- U.S. Geological Survey National Elevation Dataset (NED), via the USGS Elevation Point Query Service. Mapped to each ZCTA centroid coordinates. Last refreshed 2026-05-19.
- Last refreshed
- 2026-05-18.