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El Paso, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,530
Monthly Cash Flow
$189
Principal + Equity
$1,270
Annual Total Gain
$17,510
Cash on Cash
3.96%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$114
Occupancy Rate
50%
Monthly Revenue
$1,196
Monthly Cash Flow
-$324
Principal + Equity
$1,270
Annual Total Gain
$11,354
Cash on Cash %
-6.79%
Net ROI %
Market Health & Growth
Median Income
$58,734
Population
678,147
LTR Renter %
39.81%
Forecast (1 yr)
1.57%
Appreciation (1 yr)
0.65%
Appreciation (5 yr)
49.49%
Appreciation (10 yr)
74.59%
Job Growth
0.66%
LTR Rentability
Moderate
STR Demand
51
STR Rentals
2,353
Top Public Schools
AValle Verde Early College High School
A-Silva Health Magnet School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Retire in America
#49out of 229 markets
Best Cities to Buy a House in America
#28out of 229 markets
Cities with the Lowest Cost of Living in America
#18out of 229 markets
B
Public School
C
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in El Paso, TX.
In El Paso, TX, Short Term Rentals (STRs) are regulated by the city's Land Development Code. Before investing in purchasing a property for STR purposes, investors should be aware of the following regulations:
1. Zoning Restrictions: El Paso has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in El Paso, property owners must obtain a Short Term Rental Permit from the city. This permit requires an application fee and compliance with certain safety and health standards.
3. Occupancy Limits: El Paso has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: El Paso has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: STRs in El Paso are subject to hotel occupancy taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are in compliance.
6. Homeowners' Association Restrictions: If the property is located in a neighborhood with a homeowners' association, investors should check the association's rules and regulations regarding STRs. Some associations may have restrictions or prohibitions on short term rentals.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in El Paso before purchasing a property for this purpose. Failure to comply with these regulations could result in fines or other penalties.
Market Trends Over Time
Explore 25 years of market data for El Paso, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to El Paso, TX.
The LTR Genie Score of El Paso, TX is 73, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score of 46 suggests a lower level of rentability for short-term rental properties. The higher LTR Genie Score can be attributed to the relatively high LTR Net ROI of 30.57% and the positive 1-Year Price Appreciation Forecast of 1.57%. On the other hand, the lower STR Genie Score may be due to the STR Net ROI of 19.82% and the STR Occupancy rate of 50.0.
El Paso, TX is a growing city with a strong military presence and a diverse economy. The city offers affordable housing options and a relatively stable real estate market, making it an attractive location for real estate investors.
Based on the metrics provided, El Paso, TX seems to be more favorable for long-term rental investments compared to short-term rentals. The higher LTR Genie Score and the positive rent growth rate and ROI indicate that long-term rental properties may offer better returns in this market. However, investors should consider the potential for growth in the short-term rental market as well, especially if they are looking for diversification in their investment portfolio. Ultimately, it is recommended for real estate investors to conduct further research and analysis to determine the best investment strategy based on their individual goals and risk tolerance.
LTR Genie Score 93
$74,999
🛏 2 Beds🛁 1.0000 Baths🏙 1,320 sqft.🏠 SINGLE FAMILY