Picacho is an unincorporated community located in Lincoln County, New Mexico, United States.

The community is located on U.S. Route 70, 30.5 miles (49.1 km) east of Ruidoso.

Picacho has a post office with ZIP code 88343, which opened on June 11, 1891.

The hottest temperature recorded in Picacho was 106 °F (41.1 °C) on June 26–27, 1994, while the coldest temperature recorded was −14 °F (−25.6 °C) on February 3, 2011.

This New Mexico state location article is a stub.