Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 683,577 people, 223,164 houses or apartments, and a median cost of homes of $121,661, house prices in El Paso are solidly below the national average.
Single-family detached homes are the single most common housing type in El Paso, accounting for 67.18% of the city's housing units. Other types of housing that are prevalent in El Paso include large apartment complexes or high rise apartments ( 19.22%), duplexes, homes converted to apartments or other small apartment buildings ( 8.19%), and a few mobile homes or trailers ( 2.71%).
The most prevalent building size and type in El Paso are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.48% owning and 40.52% renting.
There is a lot of housing in El Paso built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in El Paso built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.30%). There's also some housing in El Paso built before 1939 ( 4.48%).
El Paso's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in El Paso during the period has been just 0.02%, which is lower than 80% of US communities.
Over the last year, El Paso appreciation rates have trailed the rest of the nation. In the last twelve months, El Paso's appreciation rate has been -0.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in El Paso were at -0.99%, which equates to an annual appreciation rate of -3.91%.
Notably, El Paso's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that El Paso's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within El Paso differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Paso - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best El Paso real estate investment or home purchase decisions.
|$789,001 - $1,052,000||0.3|
|$526,001 - $789,000||0.9|
|$421,001 - $526,000||1.0|
|$316,001 - $421,000||3.4|
|$210,001 - $316,000||10.8|
|$105,001 - $210,000||49.8|
|$53,001 - $105,000||27.6|
|$0 - $53,000||5.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF El Paso HOMES|
|2000 or Newer||23.3|
|1970 - 1999||44.1|
|1940 - 1969||28.1|
|1939 or Older||4.5|
|TYPE OF El Paso HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF El Paso HOMES|
|5 or more bedrooms||2.78|