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

Socorro, NM has a median modeled monthly cash flow of $-594 and a median cap rate of 2.7%, on a median sold price of $220,000. Prices changed +18.7% year over year.

What is the average cap rate in Socorro, NM?

The median cap rate across recently sold homes in Socorro, NM is 2.7%, 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 $220,000 (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.

$220,000Median sold price

$146Median $/sqft

2.7%Median cap rate

$-594Modeled cash flow / mo

+18.7%Appreciation YoY

23.2Months of supply

62Active listings

32Sold (last 12 mo)

What the Socorro numbers say

In Socorro, NM, the median home sold for $220,000 (about $146 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-594 of monthly cash flow. Sold prices moved +18.7% over the past year. Inventory sits at about 23.2 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.