Socorro, NM Real Estate
According to census data in the year 2000 there were 3,973 housing units in Socorro.
This represents a 13.4% growth from 3,502 in 1990.
Of those housing units, 3,724 were located in either urbanized areas or urban clusters, and 249 were located in what is classified as a rural area.
Homeownership rate in Socorro is about 59.8%.
Socorro's vacancy rate, including seasonal lodging, is about 12.7%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Socorro were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.10% |
| One Bedroom | 14.10% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 40% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $84,400 |
| Median Price asked for vacant units | $83,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $308 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 43.70% |
| Debt Free | 43.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
