Socorro First-Time Homebuyer Report for January

Socorro is a larger than average city in Texas with 32,013 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 18.7%. With an ownership ratio of 73.0%, most people in Socorro are homeowners. Topping the list of best schools in the city is Keys Elementary School.

Price Range

The median value of homes in Socorro is $81,300, making the area almost identical to others in Texas. At the same time, the average list price of available homes is presently $125,066.

Out of all the listings in Socorro, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$224K   $129K   $149K  

Typical Dwelling

A three-bedroom detached home valued around $105,964 is considered a typical dwelling in Socorro. If a buyer was looking for a similar home, they would need good credit and a $21,193 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $788 and the property tax rate is $20.70 per $1,000 of taxable assessed value.

Get started right now by checking out Socorro homes for sale or reviewing Socorro real estate trends.

Data reported through 1/12/2017


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