From brick to wood, contemporary to Victorian,
whether it's in a new development or old neighborhood, housing is available for every
taste and budget.
Fortune Magazine ranks El Paso’s housing market the second strongest
in the nation(2006). The median housing price is estimated at $124,410.
Six distinct areas have their own characteristics and attractions to
consider when choosing where you want to live. No matter where you live or
where you are in El Paso, you are never lost as long as the Franklin Mountains,
the end of the Rockies, are in sight.
- Central El Paso is the historic section of the city
with beautiful old mansions, dating back more than one hundred years.
- The Eastside, this hilly scenic part of town has
a host of parks, schools, and various housing developments. In the past few years,
a tremendeous development has taken place in this part of the city.
- For a rural feel, complete with pecan, chile and onion fars,
the Lower Valley is the place to buy.
- Located on the eastern foothills of the mountains,
is the Northeast- one of the fastest growing areas of town.
- Nestled along the Rio Grande is the quiet,
tree-shaded community of the Upper Valley.
- Among the quieter neighborhoods with a close,
dramatic view of the Franklin Mountains you'll find the Westside.
*The HAI is the ration of the median family income to the income required to buy
the median-priced house using standard mortgage financing at the current interest
rate. Standard financing is a fixed-rate, 30-634 loan covering 80 percent of the
cost of the home. A HAI of 1.00 indicates that the median family income is exactly
equal to the required income to qualify for the standard loan to purchase the
** First-time home buyer is assumed to purchase a home equal to the first quartile
home price using a 90% home loan at an interest rate 0.5 percent greater than the
standard current rate.
Source: Real Estate Center at Texas A&M University
- The average cost for a two-bedroom, two
bath apartments is about $550 per month.
- El Paso offers more than 300
apartment complexes providing furnished and unfurnished accommodations.
Regardless the area you choose to call home,
there's easy access to and from one of the two freeways that divide the city.
Interstate 10, which enters and exits El Paso from East to West, rounds the
mountain on the South. The Patriot Freeway intersects I-10 on the South and
heads directly North and into New Mexico. Even at rush hour, the trip from one
side of town to the other side may take you all of "30 minutes." Short commutes
to and from work or play, make for an easy lifestyle for residents and draw people
in search of an agreeable life. "El Paso offers a life with time to enjoy family
and friends, home, recreation, or civic involvement."