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Pecos

Learn about the people, housing, costs and businesses in Pecos, New Mexico

Median Home$284,244
Median Rent$1,015/month
Population938
Leading IndustriesProfessional Services · Transportation · Public Administration3% professional services
Home Value Growth⬆⬆+12.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners82% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Pecos
NM

Frequently Asked Questions

What are today's mortgage rates in Pecos?

As of today, the 30-year fixed mortgage rate for Pecos is approximately 6.828% (6.862% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Pecos?

The median home value in Pecos is $284k. The median monthly rent is $1,015. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pecos?

Home values in Pecos have increased 12.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Pecos?

Based on a typical all-in ownership cost of $720/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pecos is $53k/year.

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What industries drive the economy in Pecos?

The largest employment sectors in Pecos are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.