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Picacho Hills

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

Median Home$440,400
Population2,070
Leading IndustriesEducation · Public Administration · Arts, Food & Hospitality7% education
Home Value Growth⬆⬆+18.7% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners94% of occupied units
NotableTransit82/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Picacho Hills
NM

Frequently Asked Questions

What are today's mortgage rates in Picacho Hills?

As of today, the 30-year fixed mortgage rate for Picacho Hills is approximately 6.872% (6.907% 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 Hills?

The median home value in Picacho Hills is $440k. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Picacho Hills?

Home values in Picacho Hills have increased 18.7% 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 Picacho Hills?

Based on a typical all-in ownership cost of $787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Picacho Hills is $95k/year.

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What industries drive the economy in Picacho Hills?

The largest employment sectors in Picacho Hills are public administration (39%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.