Socorro, TX—79927
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Socorro, TX
As of Nov '25, the median home price in Socorro, TX is $200,000, 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 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | 2.1% |
| Single Family | $200,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | 2.7% |
3 Bed | $202,000 | 2.5% |
4 Bed | $238,000 | 2.6% |
| 5 Bed | $280,547 | 1.9% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,560 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Socorro, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Socorro, TX is 66. This is a increase of 28.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 4.0% |
Listing Count | 144 | 5.0% |
| Listings as % of Homes | 1.0% | 5.0% |
Days on Market | 66 | 28.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,100 | 4.6% |
% Under 18 | 26.8% | -7.9% |
% Seniors | 12.4% | 11.7% |
% WFH | 5.8% | 3.6% |
% w/ College Degree | 9.9% | 50.0% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $200,000 |
| Median Household Income | $51,700 |