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Penasco, NM
Thinking about relocating to Penasco, NM? With a close-knit population of about 1,200, Penasco offers affordable living—median home prices are around $165,000 and rents average $680. Enjoy abundant sunshine (75% sunny days), short commutes (24 minutes), and a welcoming, primarily Hispanic community. While property crime rates are higher than average, small class sizes and strong community ties make Penasco a unique rural spot to enjoy New Mexico’s scenic mountain lifestyle.
Penasco is a small, close-knit community of about 1,200 residents, with a median age of 44.6 and a strong Hispanic or Latino presence making up 82% of the population. The area features a balanced gender ratio and a significant portion of non-English speakers, reflecting its rich cultural diversity.
Living in Penasco is highly affordable, with median home values around $165,000 and average rents at $680, making it attractive for budget-conscious residents. The cost of living index is 84.5, well below the national average, and essential expenses like utilities and groceries remain comparatively low.
Penasco experiences a higher property crime rate, with about 2,200 incidents per 100,000 residents, while the chance of encountering violent crime is relatively low at 1 in 263. It's important for residents to stay vigilant, but the area remains a generally safe rural community.
Penasco boasts a mild mountain climate, with cool winters dipping to 15°F and warm summers peaking around 83°F. Residents enjoy 75% sunny days annually and an average rainfall of 18.5 inches, making it ideal for outdoor activities year-round.
The typical household in Penasco earns about $32,000, with a family median income of $36,500, and nearly 28% of residents live below the poverty line. The community is known for its strong local ties, with most people commuting around 24 minutes and a high owner-occupancy rate.
Penasco offers small public schools with low student-to-teacher ratios, fostering personalized attention for students, and higher education is accessible at nearby colleges in Taos and Española. The community values education, with over 75% of adults holding at least a high school diploma.
Residents have access to general and emergency care through Holy Cross Hospital in nearby Taos, supported by a health insurance coverage rate of 83%. The area provides basic healthcare services, with about 1.1 physicians per 1,000 people.
Penasco’s housing market offers affordable options, with a median home price of $165,000 and owner-occupied homes comprising 78% of properties. The area has a healthy mix of stable home values and moderate rent levels, making it appealing for both buyers and renters.
Penasco residents are served by the New Mexico Motor Vehicle Division in Española, which provides all standard vehicle and licensing services. Essential information, including hours and forms, can be found on the official state DMV website.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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