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modified
4 Days Ago

Highlights

  • Carport
  • 2 storage areas
  • Kitchen appliances

Location

531 W Spears Dr, Hobbs, NM 88240, USA

Tour 531 W Spears Dr

Contact

Nexus Property Management

(575) 631-1061

Amenities for 531 W Spears Dr

Appliances

RangeRefrigerator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 531 W Spears Dr

HomeHouses in Hobbs 531 W Spears Dr, Hobbs, NM 88240, USA

Check out this 3 Bedroom 2 Bath Home with a Mother-in-law Suite This lovely home comes on land with horse stalls, it has a carport, 2 storage areas, and comes with kitchen appliances. Call us today to schedule a tour. 575-631-1061 Fees: Rent: $2500.00 Deposit: $2500.00 Renter's insurance is required Tenant would have to cover: trash, electricity (and other non-essential utilities like internet/cable, etc.) Approved Application Fee: $50.00 per applicant Late fees are 5% of the rent and are charged on the 6th if the balance is not paid Pet deposit: non-refundable $250.00 Pet rent: $35.00 per pet each month Non-sufficient fund: $35.00 Replacement key: $5.00 Rekeying property: $150.00 Online payment fee: Credit Card: 2.99% of the total amount per transaction, Debit Card: $9.99 per transaction


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 531 W Spears Dr compares to other nearby properties.

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

Address details

Zip code88240
TypeHouse for rent

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Rent trends in Hobbs

4-bedroom apartments at 531 W Spears Dr cost about 25% more than the average rent price for 4-bedroom apartments in Hobbs.

Median rents as of Oct 18 2025.
Hobbs
A table of 4-bedroom apartment rental data trends in Hobbs
MonthMedian Rent
March 2024$1,800
April 2024$1,800
June 2025$1,800
July 2025$1,800
October 2025$2,000

Affordability calculator

Can I afford to live at 531 W Spears Dr?

Bedrooms

4+ bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$100,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 4-bedrooms monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.

Schools near 531 W Spears Dr

Mills Elementary School

200 west copper

hobbs, NM, 88240

PK, K-5Public
B+

B.T. Washington Elementary School

1200 east humble

hobbs, NM, 88240

PK, K-5Public
C
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Internet available near 531 W Spears Dr

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Hobbs near 531 W Spears Dr

Walking

5/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 531 W Spears Dr, Hobbs

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

3/10
Some bars within walking distance

Explore the area around 531 W Spears Dr

Dory Organic Market
502 W Navajo Dr
Dreke's Market
236 E Navajo Dr
Albertsons Market
2402 N Grimes St
Walmart Supercenter
3800 N Lovington Hwy
Thriftway Grocery
1317 N Turner St

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