Logo Socorro County Fair Market Rent FY 2012 Socorro County, NM Rental Data

Fair Market Rent Prices in Socorro County, NM :
$457 $458 $549 $658 $932
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Socorro County are low compared to the national average. This FMR area is less expensive than 62% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Socorro County is $549 per month.

The previous year, rent for a two-bedroom home was $527 per month. This is a 4.17% increase year-over-year.

This FMR rate applies to Claunch, NM, La Joya, NM, Polvadera, NM, San Acacia, NM, Lemitar, NM, San Antonio, NM, Bosque, NM, Veguita, NM, Magdalena, NM, Socorro, NM and other cities within the region. The Metro Code or CBSA code for this region is NCNTY35053N35053.

Additionally, This Fair Market Rent (FMR) area Socorro County, NM spans one county or city in New Mexico which is listed in the table below. Estimated population of Socorro County, NM FMR area is 18,078 people based on latest Census data.

Compared to the rest of New Mexico, the Socorro County FMR area is less expensive than 66% of the state.

New Mexico Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Socorro County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Socorro County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 490
1-BR 1-Bedroom $ 491
2-BR 2-Bedroom $ 589
3-BR 3-Bedroom $ 706
4-BR 4-Bedroom $ 1000
Change Year:

There is just one county (listed below) within the Socorro County, NM FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albuquerque - Santa Fe.

County / Region Est. Population
Socorro County, NM 18,078
Zip Codes in Socorro County, NM

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

87006, 87011, 87028, 87062, 87801, 87823, 87825, 87828, 87831 and 87832

Lookup Fair Market Rent by Zip Code