El Paso, Texas boasts an impressive housing median value of $195,600, which is significantly lower than the US house median value of $338,100. In the past year alone, El Paso has seen a tremendous 18.44% appreciation in house value compared to the US 1 year house appreciation of 8.27%, making it an ideal location for those looking to invest in real estate. The city offers a variety of homes at a fraction of the price one would find in other parts of the country and it is clear that El Paso is becoming increasingly popular for those seeking affordable housing options.
The median home cost in El Paso is $195,600. Home appreciation the last 10 years has been 63.7%. Home Appreciation in El Paso is up 20.9%.
Average Age of Homes
- The median age of El Paso real estate is 37 years old
The Rental Market in El Paso
- Renters make up 37.6% of the El Paso population
- 3.6% of houses and apartments in El Paso, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.