El Paso, TX

Population: 675,536
Average annual home appreciation rate: 5.98%
Total of homes for sale in this market: 1,652
Median home price: $109,319
Median Rent: $594 per room
Home price range: 46.57% of homes are between $94,001 – $188,000
Median sales price: $80,000
Number of homes: 662
Median foreclosure sales price: $75,282
Foreclosure discount: 6.82%
Most common home type: 67.67% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.93%
Number of renters: 38.68%
Number of owner occupied: 61.33%
Number people living below poverty level: 22.33%
Unemployment rate: 6.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the El Paso area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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