What percentage of people rent in Socorro, NM?

Name: Renters and owners in Socorro, NM, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

42.7% (±8.7 points) of the occupied homes in Socorro, NM are rented (2020–2024 American Community Survey).

That is 978 renting households against 1,311 that own their home.

In Socorro, the share of households that rent went from 37.8% in 2015–2019 to 42.7% in 2020–2024 (+4.9 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 42.7% (±8.7 points)
Renting households: 978 (±249)
Median renter income: $17,733 (±$5,817)

Who rents and who owns in Socorro

Tenure, estimate (90% margin of error)
	Socorro	Socorro County	New Mexico	United States
Renter-occupied share	42.7% (±8.7 points)	24.9% (±5.9 points)	30.0% (±0.4 points)	34.8%
Renting households	978 (±249)	1,312 (±320)	251,477 (±3,297)	45,017,354
Owning households	1,311 (±244)	3,957 (±379)	585,937 (±3,814)	84,210,142
Average renter household size	3.4 (±0.8)	3.2 (±0.7)	2.2 (±0.0)	2.3
Average owner household size	3.5 (±0.8)	2.9 (±0.3)	2.6 (±0.0)	2.6
Median renter household income	$17,733 (±$5,817)	$19,738 (±$8,917)	$40,497 (±$955)	$52,966
Median owner household income	$58,678 (±$10,862)	$47,104 (±$8,413)	$77,401 (±$970)	$100,009

In Socorro, the renter share is higher than in Socorro County (24.9%).

It is also higher than in New Mexico (30.0%).

It is not measurably different from the national figure (34.8%).

In Socorro County, Socorro ranks 1 of 3 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 21 of 205.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Socorro has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	37.8% (±5.2 points)	42.7% (±8.7 points)	+4.9 percentage points	Not a measurable change
Median gross rent	$636 (±$121)	$711 (±$214)	+11.8%	No measurable change after inflation
Median household income	$41,271 (±$5,316)	$39,375 (±$15,661)	−4.6%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Socorro

Nearest places with a published estimate, compared with Socorro
Place	Distance	Households that rent	Compared with this place
Socorro	—	42.7% (±8.7 points)	—
Polvadera	10 mi	17.3% (±22.3 points)	Lower
Magdalena	19 mi	7.4% (±10.6 points)	Lower
Jarales	40 mi	4.9% (±4.9 points)	Lower
Rio Communities	42 mi	24.1% (±9.4 points)	Lower
Los Chaves	48 mi	6.7% (±4.8 points)	Lower
Tome	48 mi	12.0% (±11.3 points)	Lower
Las Maravillas	49 mi	6.4% (±4.7 points)	Lower
Belen	50 mi	26.8% (±7.9 points)	Lower

Nearby places with a measurably lower figure: Polvadera, NM (17.3%), Magdalena, NM (7.4%), Jarales, NM (4.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Socorro County, place by place

Rank	Place	Households that rent
1	Socorro	42.7% (±8.7 points)
2	Polvadera	17.3% (±22.3 points)
3	Magdalena	7.4% (±10.6 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Socorro

How many renters are there in Socorro?

Socorro has an estimated 978 (±249) renting households, 42.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Socorro?

In Socorro, the share of households that rent went from 37.8% in 2015–2019 to 42.7% in 2020–2024 (+4.9 percentage points), not a measurable change.

How big are renting households in Socorro?

A renting household in Socorro has 3.4 people on average, against 3.5 in an owned home.

How much do renters earn in Socorro?

The median renting household in Socorro, NM has an income of $17,733 (±$5,817) a year, against $58,678 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Socorro city, New Mexico (place:73540, in state:35).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.