Real Estate Investing in El Paso, Texas (79924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79924 (El Paso, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in El Paso, TX (79924)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79924 El Paso
Not every below-median market is a bargain. El Paso's 79924 ZIP registers signals that favor experienced operators who can absorb the risk $196K pricing implies.
For an experienced owner, 79924 can be a an appealing option for hunting ground — but the discount at $196K reflects genuine risk that outside investors often underestimate.
ZIP 79924's metrics run below El Paso County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 79924 includes headwinds that any investor should price in. Income distribution skews lower than El Paso averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in El Paso:
Property Strategy for 79924
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,322 | $1,230 | 5.7% | +9.8% | $78,161 |
| 3BR | $189,093 | $1,690 | 6.4% | +9.2% | $63,031 |
| 4BR | $213,882 | $2,060 | 6.9% | +8.9% | $53,470 |
| 5BR | $243,322 | — | — | +8.2% | $48,664 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79924 Compare?
| Metric | 79924 | El Paso | El Paso, TX | Texas |
|---|---|---|---|---|
| Home Value | $196,397 | $87,562 | N/A | $297,000 |
| 5-Year CAGR | 6.9% | 6.4% | N/A | 5.4% |
| Avg Rent | $1,336 | $1,430 | N/A | - |
| Cap Rate | 5.3% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79924 (El Paso, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,397 |
| Monthly Rent | $1,336 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79924
Population: 60,399
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79924
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 10,414 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in El Paso, TX?
El Paso, TX carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,336/mo.
What do landlords charge for rent in El Paso, TX?
The typical rental in El Paso, TX commands about $1,336/mo monthly. That rent profile measured cash flow against the $196K purchase basis.
How expensive is real estate in El Paso, TX?
Homes in El Paso, TX typically sell near $196K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Are landlord laws favorable in El Paso, TX?
El Paso, TX falls under TX landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What investment strategy works best in El Paso, TX?
Investors usually favor careful cash-flow rentals with hands-on management in El Paso, TX. With home values at $196K and rents near $1,336/mo, other strategies can work but produce reliable rather than outsized returns.
You know 79924 now. You don’t know where it ranks.
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How 79924 ranks in El Paso, TX
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