Socorro, NM County has a median housing value of $153,900, which is significantly lower than the US median housing value of $338,100. The appreciation of houses in Socorro over the past year was 14.58%, higher than the national average of 8.27%. This suggests that Socorro is an attractive county for potential homebuyers looking to increase their investment in housing. The area offers a more affordable option for those looking to buy a home compared to other areas in the country, while still providing a good return on investment.
The median home cost in Socorro County is $153,900. Home appreciation the last 10 years has been 58.3%. Home Appreciation in Socorro County is up 13.0%.
Average Age of Homes
- The median age of Socorro County real estate is 37 years old
The Rental Market in Socorro County
- Renters make up 17.7% of the Socorro County population
- 3.8% of houses and apartments in Socorro County, 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.