HomeNew MexicoSocorro CountySocorro city
Socorro city, New Mexico: commercial real estate data.
Socorro city is a Census city of 8,481 people across 14.45 square miles of land, in Socorro County. Median household income is $39,375, 57.3 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $2.3 m.
76 sourced place values · tier FULL · 8 sections
Socorro
What Socorro is
- Census place typecity
- Land area14.45 sq mi
- Water area0.01 sq mi
- Population per square mile of land587
- County holding the largest share of its areaSocorro County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Socorro
How many people live in Socorro
- Population8,481
- Median age29.6
- Population under 181,860 plus or minus 909
- Share under 1821.9 percent plus or minus 10.7
- Population 65 and over1,506
- Share 65 and over17.8 percent
- Households2,289
- Family households1,201 plus or minus 240
- Share of households that are families52.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Socorro
Income and work in Socorro
- Median household income$39,375 plus or minus $15,661
- Per capita income$21,933
- Civilian labor force3,061
- Employed2,997
- Unemployed64 plus or minus 75
- Unemployment rate2.1 percent plus or minus 2.4
- Adults 25 and over4,735
- Adults 25 and over with a high school diploma or higher82.0 percent
- Adults 25 and over with a bachelor degree or higher25.1 percent plus or minus 6.9
- Adults 25 and over with a graduate degree12.6 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Socorro
Housing in Socorro
- Housing units3,145
- Occupied units2,289
- Vacant units856 plus or minus 203
- Vacancy rate27.2 percent plus or minus 6.1
- Owner occupied1,311
- Renter occupied978 plus or minus 249
- Ownership rate57.3 percent
- Median owner-occupied home value$152,900
- Median gross rent, monthly$711 plus or minus $214
- Annual rent as a share of median income21.7 percent plus or minus 10.8
- Single family units1,592
- Share single family50.6 percent
- Units in buildings of two or more610 plus or minus 227
- Share in buildings of two or more19.4 percent plus or minus 7.1
- Mobile homes943 plus or minus 196
- Median year structure built1978
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Socorro
How Socorro gets to work
- Workers 16 and over who commute2,636 plus or minus 620
- Commuting under 15 minutes2,259 plus or minus 571
- Share commuting under 15 minutes85.7 percent
- Commuting 30 minutes or more128 plus or minus 77
- Share commuting 30 minutes or more4.9 percent plus or minus 2.7
- Drove alone72.1 percent plus or minus 14.8
- Carpooled5.8 percent plus or minus 4.8
- Public transport0.0 percent
- Walked12.0 percent plus or minus 5.3
- Worked from home9.1 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Socorro
SBA 7(a) lending to Socorro borrowers
- Approvals4
- Gross approval$2,303,500
- Average approval$575,875
- Median approval$597,500
- Ninetieth percentile approval$1,320,000
- Largest approval$1,320,000
- Jobs supported33
- Jobs per approval8.3
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more25.0 percent
- Share to franchises25.0 percent
- Distinct lenders4
- Distinct industries by NAICS3
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Socorro
SBA 504 lending to Socorro borrowers
- Approvals2
- Gross approval$4,793,000
- Average approval$2,396,500
- Median approval$2,446,000
- Largest approval$2,446,000
- Jobs supported28
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Socorro County, not Socorro
Socorro County context, not Socorro figures
These are Socorro County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Socorro measurements.
- Establishments in Socorro County221
- Employment at those establishments, Socorro County2,772
- Covered employment, Socorro County4,870
- Average annual pay, Socorro County$51,836
- Average weekly wage, Socorro County$997
- County product, 2024, Socorro County$666,152,000
- County product change over the prior year, Socorro County2.4 percent
- Average income of an arriving household, Socorro County$44,101
Every figure in this section is published for Socorro County as a whole and is not a measurement of Socorro. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Socorro questions, answered from the record.
How many people live in Socorro, New Mexico?
8,481, in 2,289 households. Socorro city covers 14.45 square miles of land, which is 587 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Socorro in?
Socorro County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Socorro?
$39,375. The median owner-occupied home is valued at $152,900. Median gross rent is $711 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Socorro businesses?
4 7(a) approvals totalling $2.3 m, across 4 lenders, median approval $597,500, plus 2 504 approvals worth $4.8 m. These count approvals to borrowers whose address is in Socorro, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Socorro borrowers get paid back?
No rate is published for Socorro. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Socorro figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Socorro County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Socorro.
Is zoning published for Socorro?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.