housing costs · New Mexico
Housing costs in Socorro County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $691 | ± $171 | evidence → |
| 2019–2023 | $653 | ± $131 | evidence → |
| 2018–2022 | $702 | ± $84 | evidence → |
| 2017–2021 | $688 | ± $162 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $137,500 | ± $30,619 | evidence → |
| 2019–2023 | $143,200 | ± $21,652 | evidence → |
| 2018–2022 | $132,700 | ± $14,843 | evidence → |
| 2017–2021 | $112,500 | ± $19,268 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 33.8 % | ± 3.8 % | evidence → |
| 2019–2023 | 32.4 % | ± 3.2 % | evidence → |
| 2018–2022 | 32.4 % | ± 2.2 % | evidence → |
| 2017–2021 | 31.5 % | ± 2.1 % | evidence → |
In context
Median rent in Socorro County is $691, below the New Mexico median of $872 across 33 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.