Is Socorro, NM a good place to invest in rental property?

Socorro, NM has a median modeled monthly cash flow of $-502 and a median cap rate of 3.0%, on a median sold price of $190,750. Prices changed +10.6% year over year.

What is the average cap rate in Socorro, NM?

The median cap rate across recently sold homes in Socorro, NM is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Socorro, NM?

The median sold price in Socorro, NM is $190,750 (about $146 per square foot).

Investing in Socorro, NM Real Estate

A data-driven snapshot of the Socorro, NM rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$190,750Median sold price

$146Median $/sqft

3.0%Median cap rate

$-502Modeled cash flow / mo

+10.6%Appreciation YoY

24.0Months of supply

88Active listings

44Sold (last 12 mo)

What the Socorro numbers say

In Socorro, NM, the median home sold for $190,750 (about $146 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-502 of monthly cash flow. Sold prices moved +10.6% over the past year. Inventory sits at about 24.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Mexico markets to compare

See Socorro cash-flowing listings

CashFlowRE ranks every for-sale home in Socorro, NM by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Socorro deals, or browse the national market data.