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1909 N Penasco Dr, Hobbs, NM, 88240

2beds
1baths
900sqft
$185,000
$206price/sqft
$1,352/moest. monthly cost
$54,080/yrincome needed

About This Home

Remodeled 2 bedroom 1 bathroom house! It has a huge backyard and a 1 car garage. This home is completely redone and ready for you to move in today! Selling completely furnished, everything you see goes. Willing to negotiate price to sell without furniture

Getting Around

28
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

5/10
Taylor Elementary SchoolGrades PK-50.4 mi
4/10
--

Construction

Condition

  • Year built: 1955

Type & Style

  • Home type: SingleFamily

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Forced air,Electric
  • Cooling features: None

Interior Area

  • Total interior livable area: 900 sqft

Property

Details

  • Parcel number: 4000135390001

Parking

  • Total spaces: 1
  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Cold Wave
Hail
Strong Wind
Wildfire
Winter Weather
Heat Wave
Ice Storm
Tornado

FEMA Declared Disasters in Lea County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $935$11,220
Home Insurance *$189$2,268
Property Taxes $80$960
Electricity $148$1,780
Total$1,352$16,224
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,354/yr
40% on housing$40,560/yr
45% on housing$36,053/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%
10.1%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.5%
3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 88240$154
Lea County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 88240$152
Lea County$152

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-21Listed for sale$185,000
2021-01-12Listing removed--
2020-12-19Listed for rent$1,200
2016-11-04Listing removed$80,000
2016-02-03Listed for sale$80,000

For Sale by Owner

AgentProperty Owner

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