Total monthly cost of ownership
Cost to Own a Home in Picacho Hills, New Mexico
A $439,000 home here costs
$3,248per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,257. The real number is $991 higher every month — 44% 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.
Picacho Hills against Doña Ana County and New Mexico
| Measure | Picacho Hills | Doña Ana County |
|---|---|---|
| Median home value | $438,600 | $205,400 |
| Median property tax | $2,855 | $1,404 |
| Effective tax rate | 0.651% | 0.684% |
| Median gross rent | — | $903 |
| Population | 1,995 | 221,665 |
The weather behind that power bill
Picacho Hills sits in Doña Ana County, which averages a high of 96.2°F in its hottest month and a low of 29.6°F in its coldest, with 9.14" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 2,059 cooling and 2,675 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Doña Ana County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Doña Ana County
Full Doña Ana County cost breakdown · Every county in New Mexico
Common questions
How much does it cost to own a home in Picacho Hills?
A $439,000 home in Picacho Hills, New Mexico costs approximately $3,248 per month with 20% down at 6.66%. That is $2,257 principal and interest, $238 property tax, $192 homeowners insurance, $195 utilities and $366 set aside for maintenance.
What is the property tax rate in Picacho Hills?
Picacho Hills has an effective property tax rate of 0.651%, based on a median home value of $438,600 and median real estate taxes of $2,855. That is lower than the Doña Ana County average of 0.684%.
What is the average home price in Picacho Hills?
The median owner-occupied home value in Picacho Hills, New Mexico is $438,600, against $205,400 across Doña Ana County.
Is it cheaper to rent or buy in Picacho Hills?
Rent data is not published for Picacho Hills at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Picacho Hills — 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.