Total monthly cost of ownership
Cost to Own a Home in Pecos, New Mexico
A $260,000 home here costs
$1,939per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,337. The real number is $602 higher every month — 45% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pecos against San Miguel County and New Mexico
| Measure | Pecos | San Miguel County |
|---|---|---|
| Median home value | $260,000 | $177,600 |
| Median property tax | $916 | $991 |
| Effective tax rate | 0.352% | 0.558% |
| Median gross rent | $729 | $774 |
| Population | 1,145 | 27,036 |
The weather behind that power bill
Pecos sits in San Miguel County, which averages a high of 83.5°F in its hottest month and a low of 19.5°F in its coldest, with 15.73" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 318 cooling and 5,713 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for San Miguel County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in San Miguel County
Full San Miguel County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Pecos?
A $260,000 home in Pecos, New Mexico costs approximately $1,939 per month with 20% down at 6.66%. That is $1,337 principal and interest, $76 property tax, $114 homeowners insurance, $195 utilities and $217 set aside for maintenance.
What is the property tax rate in Pecos?
Pecos has an effective property tax rate of 0.352%, based on a median home value of $260,000 and median real estate taxes of $916. That is lower than the San Miguel County average of 0.558%.
What is the average home price in Pecos?
The median owner-occupied home value in Pecos, New Mexico is $260,000, against $177,600 across San Miguel County.
Is it cheaper to rent or buy in Pecos?
Median gross rent in Pecos is $729 a month, against $1,939 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pecos — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New Mexico.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.