Market Overview
Home Prices in Pecos, NM
The median home value in Pecos, NM is $401,790 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pecos are priced2% below average. Pecos is part of the Las Vegas, NM metro area.
Price History
Pecos Home Price Trend
2022
$336,701
$337K
—
2023
$325,500
$326K
-3.3%
2024
$375,340
$375K
+15.3%
2025
$380,223
$380K
+1.3%
2026
$401,790
$402K
+5.7%
City Comparison
Pecos vs. National Median
🏠 Pecos
$401,790
National Median
$410,000
At $401,790, homes in Pecos cost 2% below the national median of $410,000. This makes Pecos a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pecos?
20% Down Payment
$80,358
on $401,790
Monthly P&I
$2,095/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,661/mo
incl. taxes & insurance
Income Needed
$106,440
gross annual (30% rule)
10% Down Option
$40,179
+ PMI applies
Loan Amount (20% dn)
$321,432
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pecos, NM?
The median home value in Pecos is $401,790 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Pecos?
Over the past year, home values in Pecos have increased by 5.7%.
How much do I need to earn to buy a home in Pecos?
To comfortably afford the median home price of $401,790 with a 20% down payment ($80,358) at today's rates (6.8%), you'd need a gross annual income of approximately $106,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Pecos compare to the national average home price?
The national median home value is approximately $410,000. At $401,790, homes in Pecos are 2% below the national average.
What metro area is Pecos part of?
Pecos is part of the Las Vegas, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.