US
NM
88240

About Zip Code 88240

88240 is a zip code in the Hobbs Metropolitan area. It has a population of 41,652 and a population density of 67, which is 29% below the national average. It has a median age of 29, which is 3 years below the Hobbs Metro median age and 10 years below the national average.

Zip code 88240 has a median home value of $165,721, which is 20% above the Metro average.The average rent of $1,025 is 13% above the metro average rent and 51% below the national average rent The average household income in zip code 88240 is $63,083 , which is 20% above the Metro average household income and 16% below the national average of household income.

$165,721Median Home Value

$231,000 National

$1,025Median Rent

$1,500 National

Nearby Zip Codes

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88262

88256

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79360

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88255

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Demographics

Zip code 88240's population is made up of 46% married, 39% single, 10% divorced and 5% widowed. Gen Z make up the largest percentage of the population at 35%, while Millennials have the second largest segment at 29%. Homeowners make up 63% of the population in zip code 88240.

41,652Population

327,000,000 National

67Population Density

29 Median Age

38National

See Detailed Demographics Data for Zip Code 88240

Employment

The Per Capita income in zip code 88240 is $29,843. The Median Household Income is $63,083

$29,843Income Per Capita

$63,690 National

$63,083Median Household Income

$68,703 National

19% Poverty Rate

$10 National

8% Unemployment Rate

$4 National

See Detailed Employment Data for Zip Code 88240

Amenities

Amenities in Zip Code 88240

Groceries

Cafe’s

Restaurants

Day Care

Park

Dog Park

Pharmacy

Bars

Airport

See Detailed Amenities Data for Zip Code 88240

Real Estate

$165,721Median Home Value

$231,000 National

$1,025Median Rent

$1,500 National

2Average Household Size

Occupancy Type

Renters

37%

Home Owners

63%

See Detailed Real Estate Data for Zip Code 88240

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About Zip Code 88240

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