USA.com / New Mexico / Socorro County / Socorro, NM / Housing

Socorro, NM Housing

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As of 2010-2014, median price of a house in Socorro is $99,200, which is much lower than the state average of $159,300 and is much lower than the national average of $175,700. The Socorro median house value has grown by 17.54% since 2000. The growth rate for the price of a house in Socorro is lower than the state average rate of 47.36% and is lower than the national average rate of 46.91%. The median year that a house in Socorro was built is 1978, which is older than the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,649 Owner Occupied Houses in Socorro, NM, #200

Socorro, NM	99,200 USD
New Mexico	159,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #159

Socorro, NM	17.54%
New Mexico	47.36%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Socorro, NM	New Mexico	U.S.
Total Housing Units	3,595, see rank, 100%	907,233	132,741,033
Occupied Housing Units	2,681, 74.58%, see rank	84.29%	87.55%
Owner Occupied	1,649, 45.87%, see rank	57.46%	56.34%
Renter Occupied	1,032, 28.71%, see rank	26.83%	31.21%
Vacant Housing Units	914, 25.42%, see rank	15.71%	12.45%
For Rent	255, 7.09%, see rank	2.38%	2.34%
For Sale Only	167, 4.65%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	101, 2.81%, see rank	0.84%	0.92%
For Seasonal, Recreational, or Occasional Use	280, 7.79%, see rank	5.69%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.11%	0.03%
Other Vacant	111, 3.09%, see rank	5.34%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #219

Socorro, NM	New Mexico	U.S.
1978	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Socorro, NM	%	New Mexico	U.S.
Owner-Occupied Units	1,649	100%	521,278	74,787,460
With a Mortgage	713	43.24%, see rank	58.53%	65.58%
Without a Mortgage	936	56.76%, see rank	41.47%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Socorro, NM	939 USD
New Mexico	1,242 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Socorro, NM	%	New Mexico	U.S.
$299 or Less	0	0.00%, see rank	0.22%	0.20%
$300 to $499	30	4.21%, see rank	2.56%	1.59%
$500 to $699	104	14.59%, see rank	8.36%	5.01%
$700 to $999	285	39.97%, see rank	20.68%	14.32%
$1,000 to $1,499	235	32.96%, see rank	34.20%	27.90%
$1,500 to $1,999	36	5.05%, see rank	18.89%	20.35%
$2,000 to $2,999	23	3.23%, see rank	11.36%	19.52%
$3,000 or More	0	0.00%, see rank	3.72%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Socorro, NM	24.20% of the Total Income
New Mexico	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Socorro, NM	%	New Mexico	U.S.
10% or Less	71	9.96%, see rank	7.26%	5.86%
10% to 20%	198	27.77%, see rank	32.85%	31.95%
20% to 30%	239	33.52%, see rank	25.70%	27.64%
30% to 40%	90	12.62%, see rank	12.87%	13.74%
40% or More	115	16.13%, see rank	20.48%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Socorro, NM	293 USD
New Mexico	324 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Socorro, NM	%	New Mexico	U.S.
$199 or Less	182	19.44%, see rank	19.60%	7.76%
$200 to $299	310	33.12%, see rank	24.69%	14.70%
$300 to $499	318	33.97%, see rank	37.15%	34.63%
$500 to $699	81	8.65%, see rank	12.63%	21.16%
$700 or More	45	4.81%, see rank	5.93%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Socorro, NM	11.10% of the Total Income
New Mexico	10.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Socorro, NM	%	New Mexico	U.S.
10% or Less	421	44.98%, see rank	49.80%	40.19%
10% to 20%	224	23.93%, see rank	27.25%	31.47%
20% to 30%	133	14.21%, see rank	9.72%	12.24%
30% to 40%	54	5.77%, see rank	4.52%	5.64%
40% or More	79	8.44%, see rank	6.81%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Socorro, NM	New Mexico	U.S.
Total Housing Units	3,595, 100%	907,233	132,741,033
1-unit, Detached	1,766, 49.12%, see rank	64.81%	61.65%
1-unit, Attached	49, 1.36%, see rank	3.71%	5.82%
2 Units	139, 3.87%, see rank	1.92%	3.75%
3 or 4 Units	139, 3.87%, see rank	3.65%	4.43%
5 to 9 Units	37, 1.03%, see rank	2.72%	4.78%
10 or More Units	212, 5.90%, see rank	6.53%	13.08%
Mobile Home, Boat, RV, Van, etc.	1,253, 34.85%, see rank	16.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Socorro, NM	New Mexico	U.S.
Total Housing Units	3,595, 100%	907,233	132,741,033
1 Room	7, 0.19%, see rank	2.62%	1.95%
2 Rooms	53, 1.47%, see rank	2.34%	2.48%
3 Rooms	386, 10.74%, see rank	7.65%	9.13%
4 Rooms	1,018, 28.32%, see rank	17.57%	16.60%
5 Rooms	806, 22.42%, see rank	24.59%	20.41%
6 Rooms	743, 20.67%, see rank	20.08%	18.06%
7 Rooms	318, 8.85%, see rank	12.20%	12.27%
8 Rooms	151, 4.20%, see rank	6.66%	8.48%
9 Rooms or More	113, 3.14%, see rank	6.29%	10.60%
Median Rooms	4.90, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Socorro, NM	New Mexico	U.S.
Total Housing Units	3,595, 100%	907,233	132,741,033
No Bedroom	29, 0.81%, see rank	2.87%	2.17%
1 Bedroom	390, 10.85%, see rank	9.24%	11.16%
2 Bedrooms	1,313, 36.52%, see rank	25.66%	26.69%
3 Bedrooms	1,573, 43.76%, see rank	46.23%	39.70%
4 Bedrooms	259, 7.20%, see rank	13.82%	16.05%
5 or More Bedrooms	31, 0.86%, see rank	2.18%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Socorro, NM	New Mexico	U.S.
Total Housing Units	2,681, 100%	764,684	116,211,092
Utility Gas	1,904, 71.02%, see rank	66.93%	48.85%
Bottled, Tank, or LP Gas	191, 7.12%, see rank	8.60%	4.86%
Electricity	341, 12.72%, see rank	16.11%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.04%	0.12%
Wood	240, 8.95%, see rank	6.80%	2.12%
Solar Energy	0, 0.00%, see rank	0.26%	0.05%
Other Fuel	5, 0.19%, see rank	0.94%	0.47%
No Fuel Used	0, 0.00%, see rank	0.19%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Socorro, NM	New Mexico	U.S.
Occupied Units Paying Rent	960, 100%	224,786	39,201,928
$199 or Less	23, 2.40%, see rank	1.92%	1.50%
$200 to $299	113, 11.77%, see rank	3.59%	3.18%
$300 to $499	169, 17.60%, see rank	11.64%	7.37%
$500 to $699	334, 34.79%, see rank	23.80%	16.01%
$700 to $999	270, 28.13%, see rank	31.60%	29.17%
$1,000 to $1,499	51, 5.31%, see rank	21.59%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	4.42%	9.79%
$2,000 or More	0, 0.00%, see rank	1.44%	6.10%
Median	$588, see rank	$774	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Socorro, NM	New Mexico	U.S.
Occupied Housing Units	2,681, 100%	764,684	116,211,092
No Vehicles Available	166, 6.19%, see rank	5.73%	9.12%
1 Vehicles Available	1,228, 45.80%, see rank	33.48%	33.80%
2 Vehicles Available	818, 30.51%, see rank	37.82%	37.48%
3 or More Vehicles Available	469, 17.49%, see rank	22.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.