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Socorro County Housing Market

New Mexico · 33 counties · Ranked #1019 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$143,200

vs national$143,200 vs $281,900 national

Median Gross Rent

$653/mo

vs national$653 vs $1,163 national

Effective Tax Rate

0.55%

vs national0.55% vs 1.02% national

Median Household Income

$47,556

vs national$47,556 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$792

Tax as % of Home Value

0.55%

Monthly Owner Cost

$473

Renter Income

$21,083

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Socorro County?

The median home value in Socorro County is $143,200. This is below the national median of $281,900.

How much is rent in Socorro County?

The median gross rent in Socorro County is $653 per month.

What is the property tax rate in Socorro County?

The effective property tax rate in Socorro County is 0.55%. The median annual property tax bill is $792.

Is Socorro County affordable?

With a home-value-to-income ratio of 3x, Socorro County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.