El Paso, TX, is a southern dreams. People here still like to wear cowboy hats, and steakhouses are aplenty. But there is more to it than that. El Paso is rich in culture and recreational activities. The Mexican heritage is strong here too. El Paso offers residents the Rio Grande experience, various hiking destinations, The Hueco Rock Rodeo festival, and more. The real estate industry is good here too, for both aspiring homebuyers and real estate agents alike.
Quick Facts:
- Population is at 840,477.
- The average yearly salary is $40,460.
- The home selling price is $210,000 on average.
- The average rent price is $837.
El Paso, TX In A Nutshell
El Paso is a reasonably cheap city to live in. The cost of living is lower than the national average. There are a lot of job opportunities and it ranges from the government to healthcare. So, if you are a home buyer looking to move to El Paso, this is great data to know.
More than that, El Paso, TX, is great for outdoor lovers. There are a lot of activities to do. So if that is something that you look for in a state, then this is the one for you. But what is it really like living in El Paso? Let us break it down below:
Schools
The state has a lot of schools that range from elementary to high school. There are around 56 public and 47 private schools. Thirty-four of these schools are actually recognized as United States’ best high schools. So if you have a family and are looking for places to live with a good education system, you got that here in El Paso.
Transportation
El Paso residents mostly use their personal cars to travel around the state. Only a few use public transport while only a handful of places are bikeable.
Climate
The climate in El Paso is mostly sunny. There is a moderate chance for drought and heat risk for homes in the area. What is great though is that none of the houses will be at risk for floods now and until the near future.
Real Estate in El Paso
The real estate industry in El Paso is very competitive. There is a lot of demand for houses. In January of this year alone, prices were up to 15.1% compared to 2021. A lot of homes get multiple offers, and a house only goes pending for about 20 days.
Popular and in-demand homes go on sale for only five days and can even sell up to 4% above their asking price. But there is a 100% rate for sale to the price list in the area. This is great for a lot of home sellers and real estate agents.
Final Thoughts
El Paso, TX, is a great place to live for those who love the outdoors, sunny weather, and families. There is a lot of activities to do and culture to imbibe. The real estate market in the state is also booming and hot. This is great for all people alike to come and live while there are a lot of homes to sell.
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