Socorro, NM has an impressive median housing value of $158,200, which is almost half the national median value of $338,100. In the past year, the US house appreciation rate was 8.27%, while the Socorro housing market appreciated by 9.54%. This indicates that Socorro is a desirable place to live and that the local housing market is healthy and growing. With its low cost of living and attractive housing prices, it’s no wonder more people are flocking to this area.
The median home cost in Socorro is $158,200. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Socorro is up 12.5%.
Average Age of Homes
- The median age of Socorro real estate is 39 years old
The Rental Market in Socorro
- Renters make up 28.7% of the Socorro population
- 6.1% of houses and apartments in Socorro, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.