The story of this market
The typical home in Socorro County, New Mexico sells for about $341,426, or $143 per square foot.
Prices are up +95.1% from a year ago, so sellers still have some momentum. Homes take about 265 days to sell, which is slow. Over the long run, values in this county have grown 102% since 2000. The biggest natural hazard here is lightning, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2000–2025
-18.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2024 (+27.7%). Worst: 2025 (-18.4%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,404
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
-18.4%
2025 change
FHFA repeat-sales index, median of 2 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
89
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $12,386,177.
Mortgage activity
Home lending in this county
60.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 316 | 139 | 60.2% | 0% | $145,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Socorro County, New Mexico
The Socorro County housing market is characterized by extremely low transaction volume and high volatility in median price metrics. The market is currently experiencing a significant increase in days on market, suggesting a slowdown in liquidity.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved up 95.1% year over year.
Homes spend a median of 265 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 94.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 33.2% — a mixed stability profile.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The county hosts the Karl G. Jansky Very Large Array, a major scientific research facility, and maintains a rural economy centered around the county seat of Socorro.
Property taxes are administered at the county level; specific effective rates are not determinable from current public summaries.
The economy is largely rural with significant scientific and research presence due to the Very Large Array.
- Bosque del Apache National Wildlife Refuge Visitor Center4.811.1 mi
- The Box Recreation Area4.817.6 mi
- New Mexico Bureau of Geology Mineral Museum4.816.4 mi
- Socorro Historic Plaza4.415.4 mi
- Loma Theater4.615.4 mi
- Fort Craig Historic Site4.524 mi
- New Mexico Bureau of Geology Mineral Museum4.816.4 mi
- Bosque del Apache National Wildlife Refuge Visitor Center4.811.1 mi
- The Box Recreation Area4.817.6 mi
- Socorro Historic Plaza4.415.4 mi
- New Mexico Tech Golf Course4.616.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major radio astronomy observatory located in the Plains of San Agustin.
Data sourced from US Census Bureau QuickFacts and Census Reporter.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.