Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Socorro County, New Mexico?
County · Census ACS 5-Year estimates
The median gross rent in Socorro County, New Mexico is $691/month (±$171), based on Census ACS 5-Year estimates (2024). The median home value is $137,500 (±$30,619), and the median household income is $36,570/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Socorro County, New Mexico and Neighbouring Counties
Housing Metrics for Socorro County, New Mexico
| Metric | Value |
|---|---|
| Median Gross Rent | $691 |
| Median Home Value | $137,500 |
| Median Household Income | $36,570 |
| Total Housing Units | 5,269 |
| Renter-Occupied Units | 1,312 |
| Renter-Occupied Share | 25% |
| Households Paying 50%+ Income | 359 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $478 | +0.0% |
| 1 BR | $663 | +0.0% |
| 2 BR | $573 | +0.0% |
| 3 BR | $893 | +0.0% |
How does Socorro County, New Mexico compare?
Median gross rent ranked against all counties in New Mexico.
Higher rent than 15% of counties in New Mexico · 29th of 33
| # | County | Value |
|---|---|---|
| 1 | Sandoval County | $1,427 |
| 2 | Santa Fe County | $1,389 |
| 3 | Los Alamos County | $1,375 |
| … 25 more … | ||
| 29 | Socorro County(you are here) | $691 |
| … 1 more … | ||
| 31 | Luna County | $650 |
| 32 | Guadalupe County | $590 |
| 33 | De Baca County | $387 |
More data for Socorro County, New Mexico
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Frequently asked questions
What is the average rent in Socorro County, New Mexico?
The median gross rent in Socorro County, New Mexico is $691/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Socorro County, New Mexico?
The median rent for a 2-bedroom in Socorro County, New Mexico is $573/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$145. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Socorro County, New Mexico?
The median home value in Socorro County, New Mexico is $137,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Socorro County are rent-burdened?
In Socorro County, New Mexico, 359 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Socorro County, New Mexico?
The median household income in Socorro County, New Mexico is $36,570/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $691 has a margin of error of ±$171. In very small areas, MOEs can be large relative to the estimate.
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