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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 $148,034, lower than the Texas average of $322,096.
The average cost of rent is $1,115/mo in Socorro, primarily driven by the current value of real estate in the Socorro area. In Socorro, 17.88% of households rent, and 54.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Socorro is $4,862 per month. Households that rent pay about 22.93% of their income on rent here. Socorro’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- San Elizario, TX: less expensive homes
- Horizon City, TX: higher priced homes
- Clint, TX: less expensive homes
- Cuadrilla, TX: less expensive homes
- El Paso, TX: higher priced homes
- Fabens, TX: less expensive homes
- Salt Flat, TX: less expensive homes
- Cloverdale, NM: equally priced homes
- Mentone, TX: higher priced homes
- Wink, TX: less expensive homes
Cities with Similar Populations
- Watertown Town, MA: higher priced homes
- Fairhope, AL: higher priced homes
- Farmers Branch, TX: higher priced homes
- Gaffney, SC: equally priced homes
- Springville, UT: higher priced homes
- Torrington, CT: higher priced homes
- Troy, OH: higher priced homes
- University City, MO: higher priced homes
- University Park, FL: higher priced homes
- University Place, WA: higher priced homes
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