Picacho Hills: Housing & Real Estate
Housing in Picacho Hills centers on a median value of $456,400 (estimated market value runs 10% higher at $501,394), with median rent $-666,666,666. Homeownership rate: 100.0%. That's 2.4× higher than the Doña Ana County median ($187,400); 2.1× higher than the New Mexico median ($214,132). Market is warm. Vacancy rate 5.8%. New construction makes up 22.8% of stock. A municipal building code is in effect.
- 3.8× annual income — home value vs. household income (vs New Mexico 3.3×).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $456,400 — 2.1× the New Mexico median ($214,131). Median rent $-666,666,666/month. homeownership rate 100.0% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.8× |
|---|---|
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $744 |
| Fair Market Rent · One-bedroom rent | $951 |
| Fair Market Rent · Two-bedroom rent | $1,042 |
| Fair Market Rent · Three-bedroom rent | $1,449 |
| Fair Market Rent · Four-bedroom rent | $1,580 |
| Fair Market Rent · HUD FMR area | Las Cruces, NM MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $501,394 |
| Median Home Value | $456,400 (vs New Mexico $214,132) |
| Median Rent | $-666,666,666 (vs New Mexico $972) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 5.8% |
| Housing Market · New construction (% of stock) | 22.8% |
| Housing Market · Price Appreciation 2Yr | 4.1% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.1% |
| Broadband · Broadband-capable premises | 1,669 |
| Electricity · Electricity rate (¢/kWh) | 14.20¢/kWh |
| Electricity · Customers | 936,098 |
| Electricity · Revenue Millions | $1,043 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 7 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 100.0% |
|---|---|
| Median Year Built | 2004 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12