El Paso Real Estate Market Insight
If you are looking at buying a house in El Paso as a potential investment opportunity, you must read till the end. El Paso, Texas is the westernmost city in the state. The city itself is home to nearly 700,000 people, while the metropolitan area is home to approximately 900,000. Its economy is closely tied to Ciudad Juarez just across the Rio Grande in Mexico. The city isn’t getting as much attention as “hot” markets like Dallas or Austin, but is a strong, growing market in its own right. Let’s discuss top ten reasons to invest in the El Paso real estate market. But, before that, we shall take a look at some of the real estate market data and trends in El Paso, Texas.
El Paso real estate market was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. 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 a great place to live for those who like the outdoors. The metro area’s proximity to the Rio Grande provides opportunities to whitewater raft, canoe and fish, while Franklin Mountains State Park and Hueco Tanks State Park are great hiking and rock climbing spots. El Paso boasts one of the lowest crime rates in the United States. The city’s stable economy is aided by its diversified business base and strong military presence.