Most of the big Texas cities, including Dallas, Houston, Austin and San Antonio, have boomed since 2011, adding thousands to their populations and seeing their home prices rise substantially. El Paso is somewhat of an anomaly in that regard. Its growth has been much slower, and its housing prices have been flat. The west Texas city, however, has plenty going for it. Despite bordering Juarez, Mexico, a city known for brutal violence inflicted by warring drug cartels, El Paso boasts one of the lowest crime rates in the United States. Its unemployment rate has hovered below the national average for most of the 21st century, never crossing 9% even during the depths of the Great Recession; it sat at 4.4% as of April 2016. The city's stable economy is aided by its diversified business base and strong military presence.

El Paso home price appreciation has been gradual since 2011, though to be fair, the city was largely impervious to the massive price drops that plagued most of the country in 2008. Moreover, low housing prices offer an advantage to prospective residents looking for an affordable place to which to relocate. A middle-class family has many more housing options from which to choose in El Paso than in a more expensive city such as Austin.

Market Insights

In early 2011, the median home sales price in El Paso hovered around $125,000. By early 2016, this price had risen to nearly $150,000. Much of this increase occurred in 2012, when both prices and sales volume came off their recession lows and began to rebound significantly. The city features a median household income slightly above $40,000. A typical middle-class or working-class family enjoys abundant housing options in El Paso and is not priced out of owning a home.

Seasonal fluctuations in home prices and sales volume are moderate in El Paso. Most years, prices rise slightly during the spring and summer months as demand picks up and more buying activity occurs. During the fall and winter months prices remain flat or recede slightly amid weaker demand.

Property and Transfer Taxes

Exact property tax rates in El Paso County, which includes the city of El Paso, depend on where in the county and in what school district a home is located. As a general rule, an El Paso homeowner should expect to pay annual property taxes equivalent to roughly 2 to 2.25% of his home's market value. The county carries one of the highest effective property tax rates in the state. On the bright side, Texas imposes no transfer taxes.

Most Expensive Neighborhoods

The west side of El Paso features many of the city's more exclusive neighborhoods. Surrounding the El Paso Country Club is an enclave of palatial homes, many of which carry price tags of $1 million or higher when they hit the market. The Coronado Country Club area also features luxurious housing that, price-wise, remains out of reach for all but the city's wealthiest residents. Just south of the El Paso Country Club are two more neighborhoods, The Willows and Stonehenge, that feature houses with seven-figure price tags, but also smaller and more reasonably priced homes.

Top Real Estate Websites

Those interested in El Paso real estate enjoy numerous online resources to assist with their search., the website for the Greater El Paso Association of Realtors, offers a free MLS search function, a rental search option, and a listing of registered real estate agents in the El Paso area. features a robust database of El Paso homes that are for sale by owners, rather than through real estate agents.

In addition to those options, national real estate websites such as Zillow, Trulia and provide abundant information on El Paso real estate, both individual homes for sale and broader market trends in the area.

Fresno Real Estate Market

Related Articles
  1. Investing

    General Mills Sees Growth in Old El Paso (GIS)

    General Mills looks to capitalize on the growing popularity of Mexican food.
  2. Investing

    The Top 5 Small Cap Utility Stocks for 2016 (CPK, RGCO)

    Identify five small-cap utility stocks that should be a part of a balanced portfolio in 2016. Evaluate these stocks based on financial metrics and valuations.
  3. Financial Advisor

    5 Best Real Estate Markets for 2016

    Real estate investing can be very lucrative, and these five markets are poised for a profitable 2016.
  4. Insights

    How El Chapo Became a Billionaire Druglord

    An overview of how the infamous Mexican drug kingpin Joaquín 'El Chapo' Guzmán became one of the world's most powerful and wealthiest persons.
  5. Investing

    Find Your Dream Home For Less

    If you think you can't afford your dream home, check out these compromises that could make it happen.
  6. Investing

    Top 5 Cities For Cheap Real Estate

    In this buyer's market, these places offer the best deal.
  7. Investing

    6 Cities at Highest Risk for a Housing Bubble

    These global cities face a housing bubble, thanks to factors such as demand from foreign investors.
  8. Insights

    Real Estate: How the Bubble Will Pop

    This real estate bubble is much different from the last one. Understanding it is imperative if you plan on making any investments.
  9. Investing

    Real Estate Vs. Stocks: Which One's Right For You?

    There are ups and downs for both real estate and stock investments, so before diving in, know the differences between the two.
  10. Investing

    How Real Estate Agents Sell Their Homes For More

    A well-publicized statistic finds that when real estate agents sell their own homes, they tend to get a higher price. But why?
Frequently Asked Questions
  1. What Was the First Company to Issue Stock?

    The Dutch East India Co. held an IPO in 1602, making it the first company to issue stock.
  2. When Does a Corporation Decide to Refinance Debt?

    Favorable market conditions or the strengthening of a credit rating may lead to refinancing.
  3. What Is an Odd-Lot Buyback?

    Odd-lot buybacks involve lots of less than 100 shares. Learn how companies get these shares back.
  4. Can I buy a house directly from Fannie Mae (FNMA)?

    Yes, Fannie Mae does sell properties it's foreclosed on; each property is sold in "as is" condition.
Trading Center