Mortgage Rates in Pecos, Texas — March 2026
Updated March 2026 | Based on Pecos market data and regional lending conditions
Pecos is a growing city in Texas with a population of 12,841. The current 30-year fixed mortgage rate in Pecos is 6.7%, which is 0.05% above the national average. With a median home price of $280,000 and a 20% down payment of $56,000, homebuyers can expect a monthly principal and interest payment of approximately $1,445.
Current Mortgage Rates in Pecos, TX
Below are the current average mortgage rates available in the Pecos area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Pecos Housing Market Overview
The Pecos housing market offers relatively affordable housing compared to many major cities. The median household income in Pecos is $58,300, and the cost of living index is 91.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $80,229 to comfortably afford the median-priced home in Pecos, which exceeds the current median household income.
Monthly Payment Breakdown for Pecos
Based on the median home price of $280,000 with 20% down ($56,000), here is what you can expect to pay monthly in Pecos:
15-Year vs. 30-Year Mortgage in Pecos
Choosing a 15-year mortgage in Pecos at 5.95% instead of a 30-year at 6.7% would save you $181,080 in total interest over the life of the loan. However, your monthly payment would be $1,884 instead of $1,445 — an increase of $439 per month.
Calculate Your Pecos Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pecos
What are the current mortgage rates in Pecos, TX?
As of March 2026, the average 30-year fixed mortgage rate in Pecos, Texas is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Pecos?
Based on the median home price of $280,000 with 20% down, the estimated monthly mortgage payment in Pecos is $1,445 for principal and interest. Including property taxes of $427/month, the total monthly housing cost is approximately $1,872.
What income do I need to buy a home in Pecos?
Using the 28% rule, you would need an annual income of approximately $80,229 to afford the median-priced home in Pecos at $280,000. The median household income in Pecos is $58,300. This means most households would need to either earn above the median or consider homes below $280,000.
Is Pecos a good place to buy a home in 2026?
Pecos offers a below-average cost of living with a cost of living index of 91.4 (national average = 100). The property tax rate in Texas is 1.83%, which is above the national average. Pecos has a population of 12,841 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pecos, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.