Far East El Paso, El Paso, TX—79935
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Far East El Paso, El Paso, TX
As of Oct '25, the median home price in Far East El Paso, El Paso, TX is $234,000, with a year-over-year change of -0.3%. This indicates that home prices in Far East El Paso, 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 | $234,000 | -0.3% |
| Single Family | $237,000 | -0.8% |
| Condos | $167,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | -3.6% |
3 Bed | $225,000 | -1.3% |
4 Bed | $270,000 | -0.7% |
| 5 Bed | $337,000 | -1.2% |
% of Housing Stock
Rental Trends — Far East El Paso, El Paso, TX
As of July '25, Rentcast reports the average rent in Far East El Paso, El Paso, TX is $1,440, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Far East El Paso, El Paso, TX is studios: $795, 1-bedrooms: $943, 2-bedrooms: $1,260, 3-bedrooms: $1,650, 4-bedrooms: $2,070. The most common rental property sizes in Far East El Paso, El Paso, TX are 3-bedroom and 2-bedroom, accounting for 44.9% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,440 |
| Studio Rent | $795 | $795 |
| 1 Bed Rent | $860 | $943 |
| 2 Bed Rent | $1,250 | $1,260 |
| 3 Bed Rent | $1,500 | $1,650 |
| 4 Bed Rent | $2,000 | $2,070 |
% of Rental Stock
Property Listings — Far East El Paso, El Paso, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Far East El Paso, El Paso, TX is 42. This is a increase of 19.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $253,000 | 6.0% |
Listing Count | 31 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 42 | 19.0% |
Demographics — Far East El Paso, El Paso, TX
As of the latest ACS Survey released in 2023, Far East El Paso, El Paso, TX has a population of 19,100, which has increased by 9.4% over the past 5 years. Far East El Paso, El Paso, TX is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | 9.4% |
% Under 18 | 23.3% | 13.7% |
% Seniors | 15.9% | -20.1% |
% WFH | 5.8% | 163.6% |
% w/ College Degree | 27.8% | 4.9% |
As of the latest ACS Survey released in 2023, Far East El Paso, El Paso, TX is a predominantly hispanic area, with 84.0% of the population identifying as hispanic. The hispanic population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Far East El Paso, El Paso, TX is white, making up 11.0% of the population. Foreign-born residents account for 18.2% of the population in Far East El Paso, El Paso, TX, and this percentage has decreased by 5.2% 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 | 11.0% | -12.0% |
% Black | 2.0% | -31.0% |
% Hispanic | 84.0% | 0.1% |
% Asian | 2.1% | 162.5% |
% Foreign Born | 18.2% | -5.2% |
Mortgage and Risk — Far East El Paso, El Paso, TX
According to HUD data as of 2023, there were 117 mortgage originations in Far East El Paso, El Paso, TX, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Far East El Paso, El Paso, TX. Investor activity is low, as 5.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Far East El Paso, El Paso, TX
As of 2024, the percent of homes in Far East El Paso, El Paso, TX under the Section 8 program is 18.0%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Far East El Paso, El Paso, TX, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 589 |
Total Units Section 8 | 589 |
% Rentals under Section 8 | 18.0% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $860 | $1,040 |
| 2 Bedroom | -$30 | $1,250 | $1,220 |
| 3 Bedroom | $190 | $1,500 | $1,690 |
| 4 Bedroom | $50 | $2,000 | $2,050 |
Affordability — Far East El Paso, El Paso, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $234,000 |
| Median Household Income | $65,000 |