The story of this market
The typical home in ZIP 87942 sells for about $165,000, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 87942 — Williamsburg
The housing market in 87942 is characterized by low inventory and slow turnover, typical of a rural New Mexico community. Prices have seen modest appreciation, but the market remains highly sensitive to interest rates and local economic conditions. There is no significant new development activity, and the market is currently balanced between a small pool of buyers and long-term residents.
This ZIP is best suited for retirees, budget-conscious families, and those seeking a quiet, rural lifestyle. It is not ideal for commuters requiring proximity to major urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 12.0 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 21.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 87942, Socorro County, NM
Crime rates in this rural area are generally lower than the national average, with property crime being the primary concern. Local law enforcement coverage is provided by the county sheriff's office.
Schools serving this area are part of the Socorro Consolidated School District, which generally faces challenges typical of rural, lower-income districts in New Mexico.
The area is subject to high wildfire risk during dry seasons and occasional flash flooding near arroyos. Property insurance premiums are rising due to regional wildfire exposure.
Economic momentum is limited, with the local economy anchored by agriculture, small-scale retail, and government services. There is minimal large-scale commercial development.
Property taxes are assessed by the county assessor based on state-mandated valuation cycles. The area is subject to standard New Mexico property tax levies, with no significant special district surcharges.
Commutes are primarily by private vehicle, with most residents traveling to Socorro or nearby employment hubs via US-60 or I-25.
Recreation is centered on outdoor activities, including access to nearby public lands, hiking trails, and the Bosque del Apache National Wildlife Refuge.
The rental market is thin with low turnover and limited inventory. Most rentals are single-family homes or mobile homes, with little institutional investor presence.
The economy is primarily driven by agriculture, public education, and federal land management agencies. There is little industrial or corporate presence.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available in this rural ZIP code.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Socorro County Assessor manages property valuations, which are updated periodically based on market sales and state guidelines.
Parcels are served by the Socorro Consolidated School District and local rural fire protection districts.
Property insurance availability is stable but premiums are increasing due to regional wildfire risk and replacement cost inflation.
New Mexico has seen modest net domestic migration, with rural areas like Socorro County experiencing stable or slightly declining populations.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
New Mexico requires sellers to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from data.census.gov ZCTA 87942 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Sidekixx: Kitchen, Bar, & Bowling4.69.4 mi
- Geronimo Springs Museum4.79.1 mi
- El Cortez Theater4.79 mi
- Veterans Memorial Park4.88.3 mi
- Geronimo Springs Museum4.79.1 mi
- Ingo's Art Cafe4.78.9 mi
- Veterans Memorial Park4.88.3 mi
- Carole Wheeler Dog Park4.59.2 mi
- Veterans Memorial Park4.88.3 mi
- Marina Del Sur4.412.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction for birdwatching and wildlife photography.
Large protected area offering hiking and ecological research opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.