El Paso, TX has a median housing value of $194,500, which is significantly lower than the US median value of $338,100. In the last year alone, El Paso's house appreciation rate was 18.44%, much higher than the US average of 8.27%. This indicates that the housing market in El Paso is very strong and likely to increase in value over time. The low cost of living combined with great appreciation rates make El Paso an attractive option for potential homeowners looking for affordable housing options in a growing market.
The median home cost in El Paso (zip 79925) is $194,500. Home appreciation the last 10 years has been 63.7%. Home Appreciation in El Paso (zip 79925) is up 20.9%.
Average Age of Homes
- The median age of El Paso (zip 79925) real estate is 49 years old
The Rental Market in El Paso (zip 79925)
- Renters make up 44.2% of the El Paso (zip 79925) population
- 3.3% of houses and apartments in El Paso (zip 79925), 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.