Land Market Insights and Pricing in Socorro County, New Mexico

Socorro County, New Mexico, offers a vast and varied landscape spanning 6,647 square miles, from the Rio Grande's banks at 4,528 feet to Magdalena Mountains peaks reaching 10,784 feet. This topographical diversity creates opportunities for agriculture along the river and recreational pursuits in the forested highlands. The county boasts significant protected areas, including parts of Cibola National Forest and two National Wildlife Refuges, attracting outdoor enthusiasts and contributing to a robust tourism sector. With property taxes at 0.55%, below the national average, Socorro appeals to potential land buyers. The area's scientific focus, exemplified by the National Radio Astronomy Observatory, adds a unique dimension to its rural character. However, prospective buyers should note the county's low median worker earnings of $28,710 and a 22.8% family poverty rate, factors that may influence the local real estate market and community development.