Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Socorro County area can be challenging. Home prices in Socorro County are now at a median cost of $107,259, lower than the New Mexico average of $199,923.
The average cost of rent is $765/mo in Socorro County, primarily driven by the current value of real estate in the Socorro County area. While nearly 74.22% of residents own their homes outright in Socorro County, 20.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Socorro County is $3,458 per month. Households that rent pay about 22.12% of their income on rent here. Socorro County's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the county.
Nearby Counties
- Roosevelt County, NM: higher priced homes
- Bailey County, TX: less expensive homes
- Lamb County, TX: less expensive homes
- Hale County, TX: equally priced homes
- Floyd County, TX: less expensive homes
- Motley County, TX: less expensive homes
- Cottle County, TX: less expensive homes
- Hardeman County, TX: less expensive homes
- Wilbarger County, TX: less expensive homes
- Jefferson County, OK: less expensive homes
Counties with Similar Populations
- Dickinson County, KS: higher priced homes
- Fayette County, IN: less expensive homes
- Wilkinson County, MS: less expensive homes
- Wilson County, KS: less expensive homes
- Fannin County, GA: higher priced homes
- Winkler County, TX: higher priced homes
- Fairfax City, VA: higher priced homes
- Elbert County, CO: higher priced homes
- Edgefield County, SC: higher priced homes
- Duchesne County, UT: higher priced homes
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