El Paso Property Market and Real Estate Guide
(El Paso, Texas - TX, USA)
El Paso is a much more affordable place to live than Houston
, Fort Worth, or even the state capital of Austin
. Although a relatively large city with just under 600,000 permanent residents, the town is located in the far west of the state and this moderately sleepy area may not have all the amenities provided in similar large US cities.
El Paso has much to offer, however, especially in the slow-paced lifestyle and relaxed atmosphere in this second-safest city in the US. In addition, El Paso is representative of the open-spaced area of Texas, which allows for very affordable properties both for rent and purchase.
While renting may be an economically sound decision for those who wish to stay here a year or less, purchasing property is worth considering for long-timers. Although there are distinct differences in cost between the inner and outer areas, the extreme price variations in other US cities, such as New York
and Los Angeles
, tend not to be found here.
Renting Serviced Apartments
El Paso city has many serviced apartments in diverse areas and these generally come with all the usual amenities such as high-speed Internet, cleaning services, and security. The downtown area is the most convenient, although rents here are usually slightly higher than in some surrounding areas.
Renting a serviced apartment in El Paso is similar to renting in any other US city in terms of lease and deposit. Most landlords require a one-year lease, although shorter leases are possible with an increase in monthly rent. Expect to pay three months' rent before you move in, which includes a one month deposit and the first and last month's rent.
Buying Apartments and Houses
Buying property in El Paso depends on your needs, as well as cost. The West Side and Upper Valley areas are desirable locations, particularly for families, as the schools are the best in the area. However, housing costs can be 20 to 30 percent higher than in other parts of the city.
Interest rates are extremely low across the US, which makes the El Paso area an attractive city in which to buy property, since the cost of a sizeable home here is reasonable. A surplus of available properties on the market during the past five years allows for greater flexibility in choosing the perfect home.
Real Estate Agents
Real estate agents are abundant in El Paso and finding the right one is important, particularly if purchasing a house or apartment. As this city is located near the Mexican border and has a large percentage of Spanish-speakers, your priority is finding a representative who can understand your needs quickly and easily.
Check out the following El Paso realtors and real estate agents:
Olivas and Associates
Address: 240 Thunderbird Drive, Suite D, El Paso, Texas TX, 79912, USA
Tel: +1 915 584 5430
Olivas and Associates is a family-run business that has been serving the El Paso community for years and has the experience to help you find the home that best suits your needs.
RE / MAX
Address: 5915 Silver Springs Drive, Building 5, El Paso, Texas TX, 79912, USA
Tel: +1 915 581 3700
Email: via website
RE / MAX is a national realtor which excels in finding condos, homes, and townhouses for individuals, couples, and families.
El Paso Rental Network
Address: 5400 North Mesa Street, Suite D, El Paso, Texas TX, 79912, USA
Tel: +1 915 581 4900
The El Paso Rental Network specialises in finding serviced apartments, as well as homes, and their agents have the knowledge and expertise to find the best available accommodation.