Downtown El Paso, El Paso, TX—79901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown El Paso, El Paso, TX
As of Oct '25, the median home price in Downtown El Paso, El Paso, TX is $132,000, with a year-over-year change of -6.0%. This indicates that home prices in Downtown El Paso, El Paso, TX are decreasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | -6.0% |
| Single Family | $133,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Downtown El Paso, El Paso, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown El Paso, El Paso, TX is 98. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 78.0% |
Listing Count | 5 | 143.0% |
| Listings as % of Homes | 0.1% | 143.0% |
Days on Market | 98 | -38.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.8 |
| Median Home Price | $132,000 |
| Median Household Income | $14,000 |