Central, El Paso, TX—79903
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central, El Paso, TX
As of Oct '25, the median home price in Central, El Paso, TX is $172,000, with a year-over-year change of 0.3%. This indicates that home prices in Central, El Paso, TX are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 0.3% |
| Single Family | $172,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 1.3% |
3 Bed | $185,000 | 1.1% |
4 Bed | $227,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central, El Paso, TX
As of July '25, Rentcast reports the average rent in Central, El Paso, TX is $1,120, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Central, El Paso, TX is studios: $1,400, 1-bedrooms: $795, 2-bedrooms: $1,280, 3-bedrooms: $1,400, 4-bedrooms: $1,700. The most common rental property sizes in Central, El Paso, TX are 2-bedroom and 1-bedroom, accounting for 40.8% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $980 | $1,120 |
| Studio Rent | $725 | $1,400 |
| 1 Bed Rent | $825 | $795 |
| 2 Bed Rent | $1,250 | $1,280 |
| 3 Bed Rent | $1,450 | $1,400 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Central, El Paso, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Central, El Paso, TX is 67. This is a increase of 41.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | 3.0% |
Listing Count | 33 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 67 | 41.0% |
Demographics — Central, El Paso, TX
As of the latest ACS Survey released in 2023, Central, El Paso, TX has a population of 15,100, which has decreased by -7.8% over the past 5 years. Central, El Paso, TX is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | -7.8% |
% Under 18 | 21.5% | 10.8% |
% Seniors | 21.2% | 5.0% |
% WFH | 7.3% | 143.3% |
% w/ College Degree | 15.8% | -1.9% |
As of the latest ACS Survey released in 2023, Central, El Paso, TX is a predominantly hispanic area, with 93.8% of the population identifying as hispanic. The hispanic population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Central, El Paso, TX is white, making up 5.7% of the population. Foreign-born residents account for 29.5% of the population in Central, El Paso, TX, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 5.7% | -26.9% |
% Black | 0.2% | -87.5% |
% Hispanic | 93.8% | 4.9% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 29.5% | -5.8% |
Mortgage and Risk — Central, El Paso, TX
According to HUD data as of 2023, there were 131 mortgage originations in Central, El Paso, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Central, El Paso, TX. Investor activity is low, as 10.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Central, El Paso, TX
As of 2024, the percent of homes in Central, El Paso, TX under the Section 8 program is 19.8%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Central, El Paso, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 466 |
Total Units Section 8 | 466 |
% Rentals under Section 8 | 19.8% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $825 | $890 |
| 2 Bedroom | -$210 | $1,250 | $1,040 |
| 3 Bedroom | -$10 | $1,450 | $1,440 |
| 4 Bedroom | $60 | $1,700 | $1,760 |
Affordability — Central, El Paso, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $172,000 |
| Median Household Income | $38,300 |