Zip 87801 (Socorro, NM) Housing

Housing in 87801 Socorro, NM is currently valued at $153,100 on average, which is lower than the US median value of $338,100. The US housing market overall has seen an appreciation rate of 8.27% over the last year, while the 87801 Socorro area has appreciated by 9.54%. This reflects a slightly healthier outlook for housing in that area when compared to the national market.

The median home cost in Socorro (zip 87801) is $153,100. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Socorro (zip 87801) is up 12.5%.

Average Age of Homes

- The median age of Socorro (zip 87801) real estate is 38 years old

The Rental Market in Socorro (zip 87801)

- Renters make up 27.2% of the Socorro (zip 87801) population
- 5.9% of houses and apartments in Socorro (zip 87801), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Socorro, New Mexico	United States
	4,273.0	139,647,020.0
	41	42
	$153,100	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$6.58	$10.98
	$883	$2,690
	47.0%	57.4%
	31.7%	11.2%
	21.3%	31.4%
Vacant Housing
	5.9%	1.9%
	1.5%	0.4%
	2.2%	0.7%
	0.0%	0.4%
	9.1%	3.6%
	13.1%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	6.4%	2.4%
	11.1%	2.8%
	10.6%	3.9%
	5.5%	4.5%
	16.6%	11.3%
	22.4%	13.0%
	18.6%	20.1%
	2.8%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	16.1%	13.6%
	24.6%	13.2%
	16.3%	14.8%
	16.1%	13.6%
	8.2%	10.0%
	4.0%	4.7%
	7.2%	12.2%

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