There are currently 184,516 real estate properties in El Paso, TX, with a median automated valuation model (AVM) price of $167,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in El Paso, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in El Paso, TX, is $190,199.00, with the most expensive house in El Paso, TX, topping out at $11,738,400.00 and the cheapest home in El Paso, TX, clocking in at $26,200.00. In other words, there’s something for every potential homebuyer or savvy investor in El Paso, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in El Paso, TX, is on a rollercoaster ride. The average rent price in El Paso, TX, is $1,223.00. Indeed, when looking to rent in El Paso, TX, you can expect to pay as little as $460.00 or as much as $4,240.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in El Paso, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the El Paso, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in El Paso, TX and much more. Save thousands at closing with home foreclosure listings in El Paso, TX — up to 75% off market value!
El Paso is located in El Paso, Texas, with an estimated municipal population of 681,728 residents. All of the best foreclosed homes for sale in El Paso are located in the following zip code areas on Foreclosure.com: 79901 79902 79903 79904 79905 79906 79907 79930 79932 79935 79934 79936 79912 79911 79835 79922 79920 79927 79924 79925 79915 79910 79913 79914 79917 79923 79926 79931 79937 79940 79941 79943 79944 79945 79946 79947 79948 79949 79950 79951 79952 79953 79954 79955 79958 79960 79961 79968 79976 79978 79980 79995 79996 79997 79998 79999 88540 88541 88542 88543 88544 88545 88546 88547 88548 88549 88550 88553 88554 88555 88556 88557 88558 88559 88560 88561 88562 88563 88565 88566 88567 88568 88569 88570 88571 88572 88573 88574 88575 88576 88577 88578 88579 88580 88581 88582 88583 88584 88585 88586 88588 88590 88595. The estimated population per square kilometer (.62 miles) in El Paso is 1,022.
So, about how much do homes cost in El Paso? The most recent median value of resident-owned homes in El Paso is 128,319. An estimated 58.9 percent of households in El Paso own their homes, with an average family size of 3.62. The median household income in El Paso is 47,568, with18.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in El Paso, the median commute time of resident workers (in minutes) is 23.2. And last, but certainly not least, are you looking for homes to rent in El Paso? If so, the average rent price paid by renters in El Paso is 837, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to El Paso, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in El Paso is 32.9, split between 49 percent male versus 51 female. The percentage of residents who report being married in El Paso is 44.5, with an average family size of 3.62.
The percentage of residents who report their race in El Paso is as follows:
|Black / African American||3.6%|
|American Indian / Alaskan Native||0.6%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near El Paso? Or maybe you are searching for 55+ active adult communities in and/or near El Paso?
The percentage of residents who report their age in El Paso is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in El Paso with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in El Paso.
How do you know that living in -- or moving to -- El Paso is right where you need to be? Perhaps you grew up in El Paso or already live nearby; therefore, the decision to buy a home in El Paso is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to El Paso for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in El Paso:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like El Paso.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in El Paso can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in El Paso, meanwhile, can field multiple offers from more qualified buyers.