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Cheap Homes in Socorro, TX 79927

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Socorro, TX Foreclosures

How much do homes sell for in Socorro, TX?
The average home price is currently $198,748.
What’s the average rental cost in Socorro, TX?
The average rental price in Socorro is $930.
What is the most expensive home in Socorro?
The most expensive home sold in Socorro had a price of $2,440,666.
What is currently the cheapest priced home in Socorro, TX?
The cheapest home for sale in Socorro is priced at $14,968.

Living in Socorro, TX

Socorro, TX is a charming city located just minutes from El Paso, offering a rich cultural experience and a welcoming community. With numerous amenities, parks, and recreational opportunities, residents can enjoy a high quality of life. Its proximity to El Paso allows for easy access to urban services while retaining a small-town feel.

Current Market Conditions in Socorro, TX

The real estate market in Socorro, TX has been steadily growing, with an increase in demand for affordable housing options. The neighborhood's proximity to El Paso makes it appealing to first-time homebuyers and families looking for space without the high costs of city living. Recent trends indicate a blend of new construction and established homes, catering to various buyer preferences.

In terms of home values, Socorro's market remains competitive, with a variety of listings catering to different budget levels. With median home prices showing a modest increase, it reflects a healthy demand for homes in the area.

Home Value Estimator For Socorro, TX

There are currently 8,584 real estate properties in Socorro, TX, with a median automated valuation model (AVM) price of $200,167.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Socorro, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Socorro, TX, is $198,748.00, with the most expensive house in Socorro, TX, topping out at $2,440,666.00 and the cheapest home in Socorro, TX, clocking in at $14,968.00. In other words, there’s something for every potential homebuyer or savvy investor in Socorro, TX!

Rent Prices In Socorro, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Socorro, TX, is on a rollercoaster ride. The average rent price in Socorro, TX, is $930.00. Indeed, when looking to rent in Socorro, TX, you can expect to pay as little as $460.00 or as much as $2,820.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Socorro, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Socorro, TX 79927

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