Gross rental yield of 7.75% — ranked #7 of 40 New Mexico ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +3.2% | -13.5% |
| Market rent | — | — |
Metro: Hobbs, NM · County: Lea County · Annual rent: $15,588
Similar home values, sorted by yield — the cheapest way to see if 88240 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 88203 | Roswell | NM | $144,462 | $1,328 | 11.03% | 9.1 | +0.6% |
| 88101 | Clovis | NM | $163,047 | $1,206 | 8.88% | 11.3 | -0.8% |
| 87901 | Truth or Consequences | NM | $165,816 | $1,200 | 8.68% | 11.5 | +2.6% |
| 88310 | Alamogordo | NM | $221,838 | $1,546 | 8.37% | 12.0 | -3.9% |
| 88201 | Roswell | NM | $230,789 | $1,520 | 7.90% | 12.7 | +2.0% |
| 88130 | Portales | NM | $146,065 | $862 | 7.08% | 14.1 | +0.5% |
| 88001 | Las Cruces | NM | $209,165 | $971 | 5.57% | 17.9 | -1.8% |
| 87102 | Albuquerque | NM | $250,105 | $1,151 | 5.52% | 18.1 | -0.3% |
Top rental yields in all of New Mexico →
Screening more than one ZIP? Get every New Mexico ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
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