Pecos, NM—87552
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pecos, NM
As of Oct '25, the median home price in Pecos, NM is $294,000, with a year-over-year change of 1.3%. This indicates that home prices in Pecos, NM are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 1.3% |
| Single Family | $291,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pecos, NM
Pecos, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pecos, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Pecos, NM is 128. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $735,000 | 2.0% |
Listing Count | 10 | -28.0% |
| Listings as % of Homes | 1.4% | -28.0% |
Days on Market | 128 | -15.0% |
Demographics — Pecos, NM
As of the latest ACS Survey released in 2023, Pecos, NM has a population of 2,180, which has decreased by -45.1% over the past 5 years. Pecos, NM is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,180 | -45.1% |
% Under 18 | 19.3% | -23.1% |
% Seniors | 24.3% | 80.0% |
% WFH | 10.3% | 43.1% |
% w/ College Degree | 24.5% | 20.7% |
As of the latest ACS Survey released in 2023, Pecos, NM is a predominantly hispanic area, with 74.7% of the population identifying as hispanic. The hispanic population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Pecos, NM is white, making up 18.7% of the population. Foreign-born residents account for 8.1% of the population in Pecos, NM, and this percentage has increased by 189.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 18.7% | 61.2% |
% Black | 0.4% | -63.6% |
% Hispanic | 74.7% | -6.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 8.1% | 189.3% |
Mortgage and Risk — Pecos, NM
According to HUD data as of 2023, there were 37 mortgage originations in Pecos, NM, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Pecos, NM. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Pecos, NM
Pecos, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,190 |
| 2 Bedroom | N/A | N/A | $1,390 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Pecos, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $294,000 |
| Median Household Income | $52,400 |