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1313 W Paige Dr, Hobbs, NM, 88240

4beds
3baths
3,047sqft
$509,000
$167price/sqft
$3,531/moest. monthly cost
$141,240/yrincome needed

About This Home

Tucked into a quiet curve of an L-shaped street in the desirable Lincoln Park area of Hobbs, this beautifully updated 4-bedroom, 2.5-bath home offers a peaceful, low-traffic setting with a private neighborhood feel. With 3,047 square feet of living space on approximately 0.25 acres, this home features two spacious living areas, formal dining, and an informal kitchen dining area perfect for everyday living and entertaining. The updated kitchen includes double ovens, abundant workspace, and a walk-in pantry. Large double-pane windows bring in beautiful natural light throughout the home, while the gas fireplace creates a warm and inviting atmosphere. Recent updates include a brand-new roof in 2025, updated windows, HVAC, and updated finishes throughout. The spacious backyard is fully enclosed with a tall cinder block fence and includes a storage shed, garden area, small basketball pad, mature pecan trees, peach trees, and Concord grape vines. A 24-hour monitored Vivint security system is also included. Additional features include a two-car garage, laundry room, generous storage, and multiple spaces for gathering and entertaining — all located in a quiet, established neighborhood close to schools, shopping, and amenities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Sanger Elementary SchoolGrades K-59.1 mi
3/10
Heizer Middle SchoolGrades 6-810.1 mi
8/10
Hobbs High SchoolGrades 9-1210.3 mi

Construction

Condition

  • Year built: 1982

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Garbage disposal,Microwave,Range / Oven,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Tile,Carpet,Laminate
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Refrigerator,Central

Interior Area

  • Total interior livable area: 3,047 sqft

Property

Details

  • Parcel number: 4000751180001

Features

  • Exterior features: Shingle,Brick

Lot

  • Lot size: 0.25 Acres

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached

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

  • Hail
    HailVery High
  • Lightning
    LightningVery High
  • Wildfire
    WildfireVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

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

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 $2,573$30,876
Home Insurance *$522$6,264
Property Taxes $220$2,640
Electricity $216$2,599
Total$3,531$42,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,062/yr
40% on housing$105,930/yr
45% on housing$94,160/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

$167This listing

vs Other Active Listings

Avg $/sqft

ZIP 88240$152
Lea County$156

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
2026-05-09Listed for sale$549,000

For Sale by Owner

AgentProperty Owner

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