El Paso TX Real Estate - El Paso TX Homes For Sale | Zillow (2024)

FAQs

Are home prices in El Paso dropping? ›

El Paso, TX housing market

The median listing home price in El Paso, TX was $295K in June 2024, trending down -1.7% year-over-year. The median listing home price per square foot was $162.

The cost of living in El Paso is 12% lower than the national average, residents can enjoy a comfortable lifestyle while managing their expenses more efficiently. A notable factor contributing to this affordability is the housing market, where the cost of housing in El Paso is 29% less than the national average.

Castner Heights

This family-friendly neighborhood in El Paso offers families safe recreation, as well as convenient access. Not only does this area offer convenient access to US-54 for downtown commuters—Castner Heights is also close to Fort Bliss, making this a great El Paso neighborhood for military families!

El Paso, Texas's cost of living is 10% lower than the national average.

El Paso consistently ranks as one of the best retirement cities in the U.S., offering affordability, a warm climate, natural beauty, and a high quality of life. The city's low crime rate, tax advantages, and access to quality healthcare make it an attractive destination for retirees.

Despite being a big city, El Paso's cost of living is lower than the national average. If you'd love to live in a big city without all the worries of expensive living, moving to El Paso TX is right for you. You'll find lots of family-friendly attractions if you move to El Paso TX.

Around $75,000 a year is the salary needed in El Paso while in New York, San Jose and Irvine California the required salary for comfortable living is $138,000 a year. On average, an individual needs $96,500 for sustainable comfort in a major U.S. city.

On average, home appraisals in El Paso County increased by about 40% from 2022 to 2023, close to the statewide average. In 2022, a $400,000 property would be subject to an estimated overall mill levy of $80.62. The assessed value of a home is a percentage used for calculating taxes, which was 6.95% in 2022.

$224,150. The average El Paso, TX home value is $224,150, up 4.5% over the past year and goes to pending in around 20 days.

Sun Valley East. With a median home price of $259,109 and a median rent of $955, Sun Valley East is the most expensive neighborhood on our list. Based on the growth in home prices in Sun Valley East over the last 3 years, it ranks No. 1 among all the neighborhoods in El Paso.

Who is the richest family in El Paso Texas? ›

One of the richest people to come out of El Paso, Texas is Paul L. Foster. He's one of the most well known figures in the world of oil refining: He is the founder of Western Refinery in 1997, which later was sold to Marathon (presently is now Marathon).

EL PASO, Texas (KVIA) -- Ysleta Independent School District is the highest-performing school district in the El Paso region, according to new scores calculated with Texas Education Agency (TEA) data.

Electric bills in El Paso County, TX

In El Paso County, TX, the average monthly electric bill for residential customers is $243/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,743 kWh * 14 ¢/kWh.

El Paso County is a highly livable community that offers affordable homes and attractive neighborhoods. Shielded by mountains on three sides, El Paso experiences more than 300 days of sunshine annually and a dry climate, making it possible to enjoy outdoor activities year-round.

Home Price Declines

Texas' median home price fell by 1.5 percent MOM in June with an overall decline in the Big Four areas (Table 2). Houston, San Antonio, and Austin each declined by less than one percent. Dallas experienced the largest decline, with a drop of 1.7 percent, surpassing the overall state decline.

While residential real estate often steals the spotlight, El Paso's commercial real estate also offers lucrative opportunities. The city's thriving business sector and vibrant entrepreneurial spirit make it an ideal location for commercial investments.

El Paso is No. 3 fastest-warming US city in the last 50 years.

The State of Texas does not have an income tax, leading to a beneficial low business taxation system that leads to fewer taxes for its citizens. As a result, they are able to spend the extra money on owning or investing in real estate due to more affordable housing costs.