Home prices
The median home in Socorro costs $135,600. In comparison to its nearby areas this is about $20,460 (17%) higher.Compared to the United States as a whole it is about $81,900 (37%) lower, and it is roughly $62,600 (31%) lower compared to the city of Albuquerque.
Rents
In Socorro the median monthly rent is $636. In comparison to the surrounding areas this is approximately $204 (24%) lower.It is approximately $426 (40%) lower in comparison to the nation as a whole, and it is approximately $237 (27%) lower compared to the city of Albuquerque.
Nearby places
Madrone
Madrone is roughly 39 miles north of Socorro. Real estate prices there are somewhat less expensive. Madrone's median home cost is $105,200, which works out to $30,400 (28%) lower than Socorro. The rent there is somewhat more expensive. In Madrone the median rent is $779 per month, which comes out to $143 (18%) higher than Socorro.
Alamo
Alamo is roughly 40 miles northwest of Socorro. Housing prices there are significantly less expensive. The price of the median home in Alamo is $9,999, which works out to $125,601 (1256%) lower than Socorro. Its rents are a little more expensive. The median rent in Alamo is $925 a month, which works out to $289 (31%) higher than Socorro.
Jarales
Jarales is roughly 41 miles north of Socorro. Its real estate prices are a little more expensive. The median home in Jarales costs $148,000, which comes out to $12,400 (8%) higher than Socorro. Rent there is similar. In Jarales the median monthly rent is $614, which works out to $22 (3%) lower than Socorro.
Rio Communities
Rio Communities is approximately 44 miles north from Socorro. The housing prices there are pretty similar. The median home in Rio Communities is valued at $140,000, which comes out to $4,400 (3%) higher than Socorro. The rent there is substantially more expensive. The median monthly rent in Rio Communities is $968, which comes out to $332 (34%) higher than Socorro.
Sausal
Sausal is approximately 46 miles north from Socorro. Housing prices there are a bit more expensive. The median home in Sausal costs $172,500, which comes out to $36,900 (21%) higher than Socorro. Rent there is somewhat more expensive. Sausal's median monthly rent is $916, which is $280 (30%) higher than Socorro.
