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Socorro city, NM

ZIP 87801 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87801

Median Home Value
$165,700
Median Rent
$532
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,064/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87801 in Socorro city, NM, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,064. That sits below the local median household income ($54,032), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.9%-2% vs US avg
x
Vacancy Rate
28.8%+180% vs US avg
x
Broadband Access
66.9%-23% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
65.8%+72% vs US avg
x
$165,700
Home Value
$532
Rent
1978
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached51.6%
  • 1-unit attached0.8%
  • 2-9 units8.9%
  • 10+ units7.4%
  • Mobile home & other31.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$165,700
Median rent$532
Owner-occupied63.9%
Vacant28.8%
Price-to-income3.1x
Est. income to buy$46,000