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Friday , November 15 2019
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Home | Tag Archives: el paso housing

Tag Archives: el paso housing

El Paso Housing Market Recognized as “One of the Most Affordable” in Nation

On Wednesday, officials with the City of El Paso announced that the city has received national attention for its affordable housing market by two national organizations: Realtor.com and MSNBC.

“The recognition of our strong and affordable housing market shows the economic growth of our city and how El Paso continues to move forward as an attractive place to live and work,” said Cary Westin, Deputy City Manager of Economic Development and Tourism.

An article written by the economic team at Realtor.com, “The 10 Surprising Housing Markets Poised to Rule in 2019,” listed El Paso as the third best metropolitan area for affordable homes in the country.

The study highlights El Paso’s low cost of living, a boom in construction and new housing subdivisions, along with Fort Bliss, as reasons for a thriving and affordable housing market.

El Paso is the only city in Texas to make the top ten list. Other cities include Phoenix, Las Vegas and Miami.

In an MSNBC article titled “Americans flock to where they can buy a home on a $60,000 salary,” El Paso ranked fourth on the top ten list.

El Paso came in the top 10 because of its average price of a home ($158,200) and the amount of down payment required to purchase a home on a $60,000 salary or less.

Other cities that made the top ten list include Houston, New Orleans and Oklahoma City.

Both articles looked at cities that are flourishing with job growth and increased business, affordable housing as well as an abundance of places to live.

El Paso Ranked ‘4th Hottest Real Estate Markets to Watch’ in 2018

Mobile and online real estate resource Trulia.com has named El Paso the 4th Hottest Real Estate Market to Watch in 2018 out of the 100 most populated metros in the country.

“With all of the growth we have been witnessing, it is no surprise that we were ranked fourth. Our vibrant culture, affordable housing and cost living makes El Paso a perfect location for young families and professionals,” Mayor Dee Margo said.

The average price of a home in El Paso is just $186,611.

“Accolades like these reaffirm we are moving in the right direction and help attract new businesses to our market,” said City Manager Tommy Gonzalez.

Trulia touts the city’s incredible Tex-Mex cuisine, wealth of locations for outdoor activities and the rich downtown artist community and farmers market. Additionally, El Paso’s strong job growth, affordability, low vacancy rates and high population of young household were pivotal in the ranking process.

 

El Paso is the highest ranked city in Texas and the highest ranked city in the Southwest. Click here to view the entire list of cities.

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