Picacho Hills, NM
Population 1,995 · New Mexico
About Picacho Hills, NM
Picacho Hills is a small town located in New Mexico with a population of 1,995 residents according to the latest US Census Bureau American Community Survey data. The median household income is $124,250 per year, which is 65% above the national median of $75,149. The median age of 67.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Picacho Hills features a median home value of $438,600, which is 79% above the national median of $244,900. This places Picacho Hills in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 898 total housing units, 97% are owner-occupied (820 units) and 3% are renter-occupied (26 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Picacho Hills shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Picacho Hills have an average one-way commute time of 28.4 minutes.
Education & Demographics
69.4% of Picacho Hills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 14.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 9.6% of the population being foreign-born.
How Picacho Hills Ranks in New Mexico
Cost of Living in Picacho Hills, NM
Compared to national averages, Picacho Hills has a median household income of $124,250 (65% above the national median of $75,149). Home values average $438,600, which is 79% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Picacho Hills's income is 84% above the state average of $67,435, and home values are 88% above the state median of $233,762.
Why Live in Picacho Hills, NM?
Picacho Hills offers a strong local economy with a median household income of $124,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.8%. Additionally, the city features a well-educated community where 69.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $438,600. However, Picacho Hills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Picacho Hills has a population of 1,995 with a median age of 67.2 years. Compare Picacho Hills with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Picacho Hills
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Boles Acres | 1,967 | $65,673 | $194,500 | Compare |
| Angustura | 2,024 | $52,948 | $191,300 | Compare |
| Nambe | 2,045 | $45,341 | $259,700 | Compare |
| Jarales | 1,939 | $52,961 | $166,100 | Compare |
| Jal | 2,069 | $60,703 | $105,400 | Compare |
| Moriarty | 2,074 | $27,446 | $106,600 | Compare |
| Arroyo Seco | 2,107 | $69,917 | $525,500 | Compare |
| Questa | 2,112 | $41,071 | $225,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Picacho Hills With Other Cities
Frequently Asked Questions about Picacho Hills
What is the population of Picacho Hills, NM?
The population of Picacho Hills, NM is 1,995 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Picacho Hills?
The median household income in Picacho Hills, NM is $124,250 per year, which is 65% above the national median of $75,149.
What is the median home value in Picacho Hills?
The median home value in Picacho Hills, NM is $438,600, which is 79% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Picacho Hills?
The median monthly rent in Picacho Hills, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Picacho Hills?
The unemployment rate in Picacho Hills, NM is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Picacho Hills, NM a good place to live?
Picacho Hills offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,995 and a median age of 67.2, the city appeals to established professionals and retirees.
How educated is Picacho Hills, NM?
69.4% of residents in Picacho Hills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Picacho Hills?
Key cost-of-living indicators for Picacho Hills, NM: median home value is $438,600 (79% above national), median rent is $0/month, and median household income is $124,250. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Picacho Hills?
The poverty rate in Picacho Hills, NM is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Picacho Hills, NM?
Picacho Hills's population is 14.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.8% two or more races. 9.6% of residents are foreign-born.