B
Good
Score: 65/100

New Mexico Institute of Mining and Technology

4-Year Public
📍 Socorro, New Mexico 87801
🌐 www.nmt.edu/
Outcomes
B
71/100
Affordability
B
65/100
Resources
B
67/100
Experience
A
88/100
Prestige
D
39/100

Quick Stats

1,713
Total Enrollment
56%
Graduation Rate
77%
Retention Rate
10.0:1
Student-Faculty Ratio
54%
Acceptance Rate
$9,133
Avg Net Price
🏠 Housing Market Near New Mexico Institute of Mining and Technology ▼

4% of students live off-campus (not with family), creating consistent rental demand near campus. That's approximately 74 students who need housing.

Avg Home Value
$200,960
Avg Monthly Rent
$873
1-Year Change
+6.4%
For parents & investors

The New Mexico Institute of Mining and Technology Town Property Report

  • Avg home value near campus: $200,960
  • Avg rent near campus: $873/mo
  • Top nearby ZIP by cap rate: 87801 (3.4% cap, Socorro)

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Costs & Financial Aid

Tuition & Fees

Category In-State Out-of-State
Tuition $7,664 $24,918
Total Cost (On-Campus) $25,200 $42,454

Financial Aid

99%
Receive Any Aid
34%
Receive Pell Grants
38%
Take Out Loans
$9,133
Avg Net Price

Net Price by Family Income

Family Income Average Net Price
$0 - $30,000$3,970
$30,001 - $48,000$5,067
$48,001 - $75,000$8,676
$75,001 - $110,000$11,907
$110,001+$12,207

Student Demographics

1,713
Total Students
34%
Women
83%
Traditional Age (18-24)
4%
Off-Campus Renters

👥 Race & Ethnicity

White 44%
Hispanic 34%
Black 2%
Asian 3%
Two or More 3%
Non-Resident 8%

🏠 Living Arrangements

On Campus 92%
Off-Campus (Renters) 4%
With Family 3%
🏘️ Rental Demand: ~74 students need off-campus housing

💻 Learning Mode

In-Person 82%
Hybrid (Some Online) 11%
Fully Online 7%

📊 Age Distribution

18-24 (Traditional) 83%
25-64 (Adult) 11%

Frequently Asked Questions

What is the acceptance rate at New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology has an acceptance rate of 54%. This indicates a less selective admissions process with good chances for qualified applicants.
How much does it cost to attend New Mexico Institute of Mining and Technology?
Tuition at New Mexico Institute of Mining and Technology is $7,664 for in-state students and $24,918 for out-of-state students . However, the average net price after financial aid is $9,133.
What is the graduation rate at New Mexico Institute of Mining and Technology?
The graduation rate at New Mexico Institute of Mining and Technology is 56%. This graduation rate is below average. Consider factors like program type and student demographics when evaluating.
Is New Mexico Institute of Mining and Technology a good school?
New Mexico Institute of Mining and Technology has a Repit College Score of 65/100 (Grade: B). Our rating evaluates five key factors:
  • Outcomes (B): Graduation and retention rates
  • Affordability (B): Net cost and financial aid access
  • Resources (B): Class sizes and selectivity
  • Experience (A): Campus life and learning format
  • Prestige (D): Reputation and recognition
How many students attend New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology has a total enrollment of 1,713 students. Most students (83%) are traditional college-age (18-24).
Is there rental demand near New Mexico Institute of Mining and Technology?
Yes! Approximately 4% of students at New Mexico Institute of Mining and Technology live off-campus (not with family). That's roughly 74 students who need rental housing near campus.

Deciding between a dorm and buying near campus? Run the numbers for New Mexico Institute of Mining and Technology — four years of dorm costs vs. owning, including what you’d recover at resale. Buy vs Dorm calculator →

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Data source: IPEDS 2023-24 | Last updated: September 2026 | Methodology