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Socorro, TX—79927

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$207,000
2.1% YoY Growth
Household Income
$51,700
50.5% YoY Growth
Days on Market
75
3.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,600
4.9% YoY Growth
1-Bed Rent
$895
31.8% YoY Growth
2-Bed Rent
$900
6.2% YoY Growth
3-Bed Rent
$1,600
4.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Socorro, TX

As of May '26, the median home price in Socorro, TX is $207,000, with a year-over-year change of 2.1%. This indicates that home prices in Socorro, TX are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$207,0002.1%
Single Family $207,0002.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$156,0002.0%
    3 Bed
    		$209,0003.0%
    4 Bed
    		$242,0002.1%
    5 Bed $286,1802.8%
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    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    1.6%
    2 Bedrooms
    17.4%
    3 Bedrooms
    51.7%
    4 Bedrooms
    24.6%
    5+ Bedrooms
    2.1%

    Rental Trends — Socorro, TX

    As of July '25, Rentcast reports the average rent in Socorro, TX is $1,560, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Socorro, TX is 1-bedrooms: $857, 2-bedrooms: $994, 3-bedrooms: $1,580, 4-bedrooms: $1,680. The most common rental property sizes in Socorro, TX are 3-bedroom and 2-bedroom, accounting for 48.3% and 28.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,560
    Studio Rent N/AN/A
    1 Bed Rent $895$857
    2 Bed Rent $900$994
    3 Bed Rent $1,600$1,580
    4 Bed Rent $1,680$1,680
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    % of Rental Stock

    Studio
    5.4%
    1 Bedroom
    4.1%
    2 Bedrooms
    28.2%
    3 Bedrooms
    48.3%
    4 Bedrooms
    13.0%
    5+ Bedrooms
    1.0%

    Property Listings — Socorro, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Socorro, TX is 75. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$280,0007.0%
    Listing Count
    		129-16.0%
    Listings as % of Homes1.0%-16.0%
    Days on Market
    		753.0%
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    Demographics — Socorro, TX

    As of the latest ACS Survey released in 2023, Socorro, TX has a population of 43,100, which has increased by 4.6% over the past 5 years. Socorro, TX is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		43,1004.6%
    % Under 18
    		26.8%-7.9%
    % Seniors
    		12.4%11.7%
    % WFH
    		5.8%3.6%
    % w/ College Degree
    		9.9%50.0%
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    As of the latest ACS Survey released in 2023, Socorro, TX is a predominantly hispanic area, with 97.2% of the population identifying as hispanic. The hispanic population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Socorro, TX is white, making up 1.8% of the population. Foreign-born residents account for 34.4% of the population in Socorro, TX, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		1.8%-28.0%
    % Black
    		0.2%-33.3%
    % Hispanic
    		97.2%1.1%
    % Asian
    		0.5%400.0%
    % Foreign Born
    		34.4%-2.3%
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    Mortgage and Risk — Socorro, TX

    According to HUD data as of 2023, there were 320 mortgage originations in Socorro, TX, of which 42.0% of loans were conventional mortgages. The average loan-to-value was 98.0%, with 64.0% above 90% LTV (very high). This implies large mortgage risk in Socorro, TX. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		320
    % Conventional Loans
    		42.0%
    % Government Loans
    		58.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Socorro, TX

    As of 2024, the percent of homes in Socorro, TX under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Socorro, TX, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		169
    Total Units Section 8
    		129
    % Rentals under Section 8
    		4.2%
    % Occupied Section 8
    		85.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$65$895$960
    2 Bedroom$220$900$1,120
    3 Bedroom-$50$1,600$1,550
    4 Bedroom$200$1,680$1,880

    Affordability — Socorro, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$207,000
    Median Household Income$51,700

    Socorro, TX — ZIP Code Boundary Map

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    Frequently Asked Questions