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Picacho

Learn about the people, housing, costs and businesses in Picacho, Arizona

Median Home$241,301
Median Rent$1,636/month
Population349
Leading IndustriesFinance & Insurance · Education · Information & Media8% finance & insurance
Home Value Growth+4.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners90% of occupied units
NotableTransit83/100 · excellent transit access
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Picacho
AZ

Frequently Asked Questions

What are today's mortgage rates in Picacho?

As of today, the 30-year fixed mortgage rate for Picacho is approximately 6.844% (6.878% 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 Picacho?

The median home value in Picacho is $241k. The median monthly rent is $1,636. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Picacho?

Home values in Picacho have increased 4.3% over the past two years. This represents moderate growth. 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 Picacho?

Based on a typical all-in ownership cost of $1,000/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Picacho is $64k/year.

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What industries drive the economy in Picacho?

The largest employment sectors in Picacho are public administration (19%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.