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Explore rental performance, cash flow, appreciation, and local economic trends to understand how these properties fit into the overall investment story.
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Get a quick view of rental returns, appreciation trends, and local growth data to evaluate real estate market strength and investment potential.
Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,584
$1,196
Appreciation
Data-driven answers to common investor questions about this market.
6.05%
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Job Growth
0.03%
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Population
36,237
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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.