Expensive
Affordable
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These days, finding an affordable place to live in the Socorro area can be challenging. Home prices in Socorro are now at a median cost of $177,365, lower than the New Mexico average of $265,486.
The average cost of rent is $662/mo in Socorro, primarily driven by the current value of real estate in the Socorro area. In Socorro, 36.95% of households rent, and 62.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Socorro is $4,113 per month. Households that rent pay about 16.11% of their income on rent here. Socorro’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Florida, NM: equally priced homes
- Lemitar, NM: equally priced homes
- Luis Lopez, NM: equally priced homes
- Polvadera, NM: equally priced homes
- Bingham, NM: less expensive homes
- Claunch, NM: equally priced homes
- Datil, NM: higher priced homes
- Aragon, NM: equally priced homes
- Escudilla Bonita, NM: higher priced homes
- Nutrioso, AZ: higher priced homes
Cities with Similar Populations
- Dunbar, WV: less expensive homes
- Thompsonville, CT: higher priced homes
- Thermal, CA: higher priced homes
- The Village, OK: higher priced homes
- The Hills, TX: higher priced homes
- Terryville, CT: higher priced homes
- Terry, MS: higher priced homes
- Economy, PA: higher priced homes
- East Franklin, NJ: higher priced homes
- Dunlap, TN: higher priced homes
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