Socorro, NM Real Estate

According to census data in the year 2000 there were 3,973 housing units in Socorro. This represents a 13.4% growth from 3,502 in 1990.

Of those housing units, 3,724 were located in either urbanized areas or urban clusters, and 249 were located in what is classified as a rural area.

Homeownership rate in Socorro is about 59.8%. Socorro's vacancy rate, including seasonal lodging, is about 12.7%. Average household size is 2.44 people.

The majority of houses, apartments or condos in Socorro were built after 1974.


Housing Size

Housing Units by Size
Studio Type3.10%
One Bedroom14.10%
Two Bedrooms33.90%
Three Bedrooms40%
Four Bedrooms8.60%
Five Bedrooms or more0.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1972
Median Value of occupied units$84,400
Median Price asked for vacant units$83,600

Rented Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1977
Median Monthly Rent asked for vacant units$308

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan6.10%
Simple Mortgage43.70%
Debt Free43.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%