El Paso, TX Real Estate
According to census data in the year 2000 there were 193,780 housing units in El Paso.
This represents a 14.9% growth from 168,625 in 1990.
Of those housing units, 191,236 were located in either urbanized areas or urban clusters, and 2,544 were located in what is classified as a rural area.
Homeownership rate in El Paso is about 61.4%.
El Paso's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 3.07 people.
The majority of houses, apartments or condos in El Paso were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 15.80% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.23 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $71,300 |
| Median Price asked for vacant units | $72,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $410 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 61.20% |
| Debt Free | 33.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
