The housing market in El Paso, TX County has seen impressive growth over the past year. The median value of a home here is $199,200, significantly lower than the national median of $338,100. However, despite the lower price point El Paso has seen an increase of 16.35%, far higher than the 8.27% average increase across the US in house appreciation last year. With this sustained growth and more affordable prices relative to other areas of the country, El Paso makes a great place to buy a home.
The median home cost in El Paso County is $199,200. Home appreciation the last 10 years has been 65.7%. Home Appreciation in El Paso County is up 20.8%.
Average Age of Homes
- The median age of El Paso County real estate is 34 years old
The Rental Market in El Paso County
- Renters make up 35.3% of the El Paso County population
- 3.3% of houses and apartments in El Paso County, 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.