Socorro, El Paso, TX—79930
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Socorro, El Paso, TX
As of Oct '25, the median home price in Socorro, El Paso, TX is $176,000, with a year-over-year change of -1.0%. This indicates that home prices in Socorro, El Paso, TX are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | -1.0% |
| Single Family | $177,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $138,000 | -2.8% |
2 Bed | $159,000 | 0.0% |
3 Bed | $195,000 | 0.0% |
4 Bed | $248,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Socorro, El Paso, TX
As of July '25, Rentcast reports the average rent in Socorro, El Paso, TX is $1,110, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Socorro, El Paso, TX is studios: $674, 1-bedrooms: $828, 2-bedrooms: $1,060, 3-bedrooms: $1,380, 4-bedrooms: $1,910. The most common rental property sizes in Socorro, El Paso, TX are 2-bedroom and 1-bedroom, accounting for 38.8% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,110 |
| Studio Rent | $725 | $674 |
| 1 Bed Rent | $780 | $828 |
| 2 Bed Rent | $1,100 | $1,060 |
| 3 Bed Rent | $1,300 | $1,380 |
| 4 Bed Rent | $1,750 | $1,910 |
% of Rental Stock
Property Listings — Socorro, El Paso, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Socorro, El Paso, TX is 44. This is a increase of 38.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $248,000 | -4.0% |
Listing Count | 55 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 44 | 38.0% |
Demographics — Socorro, El Paso, TX
As of the latest ACS Survey released in 2023, Socorro, El Paso, TX has a population of 25,500, which has decreased by -9.6% over the past 5 years. Socorro, El Paso, TX is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | -9.6% |
% Under 18 | 20.7% | -8.4% |
% Seniors | 14.4% | -6.5% |
% WFH | 6.5% | 225.0% |
% w/ College Degree | 16.4% | -15.9% |
As of the latest ACS Survey released in 2023, Socorro, El Paso, TX is a predominantly hispanic area, with 89.1% of the population identifying as hispanic. The hispanic population has grown by 8.1% in the last 5 years. The second most common race or ethnicity in Socorro, El Paso, TX is white, making up 7.6% of the population. Foreign-born residents account for 25.5% of the population in Socorro, El Paso, TX, and this percentage has decreased by 13.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.6% | -25.5% |
% Black | 1.9% | -64.2% |
% Hispanic | 89.1% | 8.1% |
% Asian | 0.3% | -76.9% |
% Foreign Born | 25.5% | -13.9% |
Mortgage and Risk — Socorro, El Paso, TX
According to HUD data as of 2023, there were 152 mortgage originations in Socorro, El Paso, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Socorro, El Paso, TX. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 152 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Socorro, El Paso, TX
As of 2024, the percent of homes in Socorro, El Paso, TX under the Section 8 program is 7.2%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Socorro, El Paso, TX, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 389 |
Total Units Section 8 | 390 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $780 | $890 |
| 2 Bedroom | -$60 | $1,100 | $1,040 |
| 3 Bedroom | $140 | $1,300 | $1,440 |
| 4 Bedroom | $10 | $1,750 | $1,760 |
Affordability — Socorro, El Paso, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $176,000 |
| Median Household Income | $41,800 |