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Affordable
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These days, finding an affordable place to live in the Picacho area can be challenging. Home prices in Picacho are now at a median cost of $305,760, higher than the New Mexico average of $265,486.
The average cost of rent is $1,144/mo in Picacho, primarily driven by the current value of real estate in the Picacho area. In Picacho, 24.31% of households rent, and 70.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Picacho is $4,367 per month. Households that rent pay about 26.20% of their income on rent here. Picacho’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hondo, NM: equally priced homes
- San Patricio, NM: equally priced homes
- Glencoe, NM: equally priced homes
- Ruidoso Downs, NM: less expensive homes
- Fort Stanton, NM: equally priced homes
- Roswell, NM: less expensive homes
- Alto, NM: higher priced homes
- Ruidoso, NM: less expensive homes
- Midway, NM: less expensive homes
- Dexter, NM: less expensive homes
Cities with Similar Populations
- Holmes Mill, KY: less expensive homes
- High Flats, NY: less expensive homes
- Hillside, WI: equally priced homes
- Hite, UT: higher priced homes
- Hoffmans, NY: less expensive homes
- Holcomb, IL: less expensive homes
- Holcut, MS: less expensive homes
- Holder, FL: equally priced homes
- Hollonville, KY: less expensive homes
- Hollowayville, IL: less expensive homes
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