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Advertise here →Socorro, NM · Market Data
Socorro, New Mexico real estate market data.
Real estate market data for Socorro, NM (Socorro County) — Census median home value $162,400, county listing prices down about 10.1% over the past year.
Socorro, NM is in Socorro County, New Mexico — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 8,540, with a median household income of $51,343. Census data puts Socorro's median home value at $162,400.
At a glance
Socorro market snapshot
Population
8,540
Median Household Income
$51,343
Median Home Value (city)
$162,400
Median Gross Rent
$675/mo
Price Trend (YoY)
-10.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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Advertise here →Why Socorro
What makes Socorro different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Socorro's median home value — across all owner-occupied homes, not just recent sales — at $162,400.
County Price Trend
Socorro County's FHFA house price index shows a -10.1% annual change in 2025.
Population & Income
Socorro has an estimated population of 8,540 and a median household income of $51,343, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Socorro's Census-reported median home value works out to about 3.2x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Socorro FAQ
What are home values like in Socorro, NM?
The Census Bureau's American Community Survey puts Socorro's median home value at $162,400.
What is the population of Socorro, NM?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Socorro's population at approximately 8,540.
What's the median rent in Socorro, NM?
The Census ACS estimates median gross rent in Socorro at approximately $675 per month.
What is the median household income in Socorro, NM?
Census ACS data puts the median household income in Socorro at approximately $51,343.
Is the Socorro housing market growing?
Socorro County's FHFA house price index shows a -10.1% annual change in 2025.
Is Socorro, NM affordable relative to income?
Census ACS data puts Socorro's median home value at about 3.2 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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