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Downtown El Paso, El Paso, TX—79901

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$141,000
2.5% YoY Growth
Household Income
$14,000
0.7% YoY Growth
Days on Market
156
110.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$850
1.2% YoY Growth
1-Bed Rent
$850
17.6% YoY Growth
2-Bed Rent
$795
15.0% YoY Growth
3-Bed Rent
$1,100
5.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Downtown El Paso, El Paso, TX

As of May '26, the median home price in Downtown El Paso, El Paso, TX is $141,000, with a year-over-year change of 2.5%. This indicates that home prices in Downtown El Paso, El Paso, TX are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$141,0002.5%
Single Family $141,0004.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    19.5%
    1 Bedroom
    37.8%
    2 Bedrooms
    25.8%
    3 Bedrooms
    14.2%
    4 Bedrooms
    2.3%
    5+ Bedrooms
    0.3%

    Rental Trends — Downtown El Paso, El Paso, TX

    As of July '25, Rentcast reports the average rent in Downtown El Paso, El Paso, TX is $921, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Downtown El Paso, El Paso, TX is studios: $545, 1-bedrooms: $880, 2-bedrooms: $952, 3-bedrooms: $1,350, 4-bedrooms: $2,100. The most common rental property sizes in Downtown El Paso, El Paso, TX are 1-bedroom and 2-bedroom, accounting for 39.3% and 23.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$850$921
    Studio Rent $535$545
    1 Bed Rent $850$880
    2 Bed Rent $795$952
    3 Bed Rent $1,100$1,350
    4 Bed Rent $2,100$2,100
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    % of Rental Stock

    Studio
    22.9%
    1 Bedroom
    39.3%
    2 Bedrooms
    23.4%
    3 Bedrooms
    12.9%
    4 Bedrooms
    1.4%

    Property Listings — Downtown El Paso, El Paso, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Downtown El Paso, El Paso, TX is 156. This is a increase of 110.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$125,00015.0%
    Listing Count
    		5-16.0%
    Listings as % of Homes0.1%-16.0%
    Days on Market
    		156110.0%
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    Demographics — Downtown El Paso, El Paso, TX

    As of the latest ACS Survey released in 2023, Downtown El Paso, El Paso, TX has a population of 8,320, which has decreased by -17.9% over the past 5 years. Downtown El Paso, El Paso, TX is a moderately popular place for families, as children make up 17.0% of the population. The area has a poorly educated workforce, with 7.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,320-17.9%
    % Under 18
    		17.0%-24.1%
    % Seniors
    		23.3%14.8%
    % WFH
    		5.4%285.7%
    % w/ College Degree
    		7.5%59.6%
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    As of the latest ACS Survey released in 2023, Downtown El Paso, El Paso, TX is a predominantly hispanic area, with 93.6% of the population identifying as hispanic. The hispanic population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Downtown El Paso, El Paso, TX is white, making up 4.2% of the population. Foreign-born residents account for 44.1% of the population in Downtown El Paso, El Paso, TX, and this percentage has increased by 1.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		4.2%27.3%
    % Black
    		1.7%-64.6%
    % Hispanic
    		93.6%1.2%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		44.1%1.6%
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    Mortgage and Risk — Downtown El Paso, El Paso, TX

    According to HUD data as of 2023, there were 12 mortgage originations in Downtown El Paso, El Paso, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Downtown El Paso, El Paso, TX. Investor activity is high, as 25.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		12
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		25.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — Downtown El Paso, El Paso, TX

    As of 2024, the percent of homes in Downtown El Paso, El Paso, TX under the Section 8 program is 47.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown El Paso, El Paso, TX, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,629
    Total Units Section 8
    		1,615
    % Rentals under Section 8
    		47.5%
    % Occupied Section 8
    		94.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$40$850$890
    2 Bedroom$245$795$1,040
    3 Bedroom$340$1,100$1,440
    4 Bedroom-$340$2,100$1,760

    Affordability — Downtown El Paso, El Paso, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.9
    Median Home Price$141,000
    Median Household Income$14,000

    Downtown El Paso, El Paso, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    West Central, El Paso, TX

    79902

    Central, El Paso, TX

    79903

    Socorro, El Paso, TX

    79930

    Fort Bliss Area, El Paso, TX

    79905

    Fort Bliss, TX

    79906

    Frequently Asked Questions