Real Estate Investing in El Paso, Texas (79915)
Should you buy in 79915 (El Paso, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- Elevated poverty: 24.9% poverty rate — can affect rent collection.
- Lower household income: $35,278 median — tenant affordability is tighter.
What’s happening in El Paso, TX (79915)?
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Market Analysis: 79915 El Paso
ZIP 79915 in El Paso, TX carries a sturdy set of headwinds. Home values near $174K and rents of $1,008/mo sit inside a market where underwriting has to be tight.
Rent of $1,008/mo on a $174K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79915 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in El Paso have seen price recovery that 79915 has not matched. El Paso County data supports the view that the spread is structural rather than temporary.
Resident income in 79915 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 79915 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in El Paso:
Property Strategy for 79915
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,997 | $1,080 | 5.6% | +9.5% | $68,999 |
| 3BR | $164,828 | $1,490 | 6.5% | +8.8% | $54,943 |
| 4BR | $198,351 | $1,810 | 6.6% | +8.5% | $49,588 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79915 Compare?
| Metric | 79915 | El Paso | El Paso, TX | Texas |
|---|---|---|---|---|
| Home Value | $173,506 | $87,449 | N/A | $297,000 |
| 5-Year CAGR | 7.3% | 7.4% | N/A | 5.4% |
| Avg Rent | $1,008 | $1,406 | N/A | - |
| Cap Rate | 4.5% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79915 (El Paso, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,506 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79915
Population: 34,731
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79915
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,080 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in El Paso, TX?
Homes in El Paso, TX typically sell near $174K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Does house hacking work in El Paso, TX?
House hacking works a challenging in El Paso, TX. Rents of $1,008/mo against $174K acquisition make the strategy solid for owner-occupants.
How does El Paso, TX stack up for property investment?
El Paso, TX reflects an investability rating of 3.0/5, with median home values near $174K and average rents around $1,008/mo. That combination puts it in the durable tier for investor interest.
How much is rent in El Paso, TX?
Rents in El Paso, TX run near $1,008/mo. Compared with median home prices of $174K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in El Paso, TX?
The tenant pool in El Paso, TX is solid, supported by local employment and population fundamentals. Rents of $1,008/mo are well-absorbed by the market.
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