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Socorro, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,584
Monthly Cash Flow
-$41
Principal + Equity
$1,185
Annual Total Gain
$13,730
Cash on Cash
-0.97%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$114
Occupancy Rate
50%
Monthly Revenue
$1,196
Monthly Cash Flow
-$609
Principal + Equity
$1,185
Annual Total Gain
$6,920
Cash on Cash %
-14.32%
Net ROI %
Market Health & Growth
Median Income
$52,100
Population
36,237
LTR Renter %
20.93%
Forecast (1 yr)
1.9%
Appreciation (1 yr)
2.39%
Appreciation (5 yr)
53.03%
Appreciation (10 yr)
79.95%
Job Growth
3.13%
LTR Rentability
Very High
STR Demand
51
STR Rentals
2,353
Top Public Schools
BAlicia R. Chacon International School
BYoung Women's Leadership Academy
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Suburbs to Buy a House in Texas
#185out of 417 markets
Places with the Lowest Cost of Living in Texas
#258out of 1050 markets
Suburbs with the Lowest Cost of Living in Texas
#120out of 417 markets
C
Public School
C
Crime And Safety
B-
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Socorro, TX.
As of September 2021, Socorro, TX does not have specific regulations in place for short term rentals. However, it is important for investors to be aware that regulations can change quickly and it is always a good idea to check with the local government or zoning department for any updates or changes to regulations.
Investors should also be aware of any homeowner association (HOA) rules or restrictions that may prohibit or limit short term rentals in certain neighborhoods or communities. It is important to review the HOA bylaws and covenants before purchasing a property for short term rental purposes.
Additionally, investors should consider the potential impact of short term rentals on the local community, including noise, parking, and other quality of life issues. It is important to be a responsible host and ensure that guests are respectful of the neighborhood and local regulations.
Overall, while Socorro, TX may not have specific regulations in place for short term rentals at the moment, it is important for investors to do their due diligence and be aware of any potential risks or restrictions before investing in a property for short term rental purposes.
Market Trends Over Time
Explore 25 years of market data for Socorro, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Socorro, TX.
The LTR Genie Score of Socorro, TX is 81, indicating a very high level of rentability for long-term rental properties in the area. This high score is likely due to the strong LTR Net ROI of 26.92% and the stable LTR Rent Growth Rate of 0.0%. On the other hand, the STR Genie Score of 44 suggests that short-term rental properties may not be as lucrative in this market, possibly due to the lower STR Net ROI of 13.57% and the moderate STR Occupancy rate of 50.0.
Socorro, TX is a growing city located in El Paso County, known for its affordable housing options and proximity to major highways and amenities. Real estate investors should take note of the 1-Year Price Appreciation Forecast of 1.9%, indicating potential for property value growth in the near future.
Considering the high LTR Genie Score and the stable rental market in Socorro, TX, this market appears to be attractive for long-term rental investment. The strong LTR Net ROI and rentability metrics suggest that investors may find success in purchasing and renting out properties for long-term tenants. Short-term rental investment may not be as lucrative in this market, as indicated by the lower STR Genie Score and metrics. Overall, Socorro, TX seems to be a promising market for long-term rental investment.
LTR Genie Score 93
$114,000
🛏 3 Beds🛁 3.0000 Baths🏙 2,000 sqft.🏠 SINGLE FAMILY
