El Paso Real Estate Market Overview
Public School Ranking:
Location and Weather
El Paso is on the Rio Grande river next to the Mexican border. Because of its proximity to Mexico, El Paso has a rich Mexican/American heritage with beautiful adobe buildings in its historic downtown area. It is the largest of the Mexican border cities and is at the base of the Franklin Mountains.
The El Paso summers are from mid-May to mid-September with high temperatures above 89 degrees and evening lows in the low 70’s. The cool season is from late November to mid-February with high temperatures below 66 degrees and lows in the 30’s.
Population, Job Market and Cost of Living
The El Paso population in 2018 was 682,669 with an annual growth rate of -0.04%. Its job market has increased by 1.9% over last year. The 10-year predicted job growth is 35.9%. It is the commercial and financial center for extensive trade for livestock, ranching, cotton farming, and mineral production. The largest businesses in El Paso are Health Care & Social Assistance, Retail Trade and Educational Services. Major companies include Kemp Smith Law, Hunt Companies and Datamarke. The cost of living is low due to the El Paso real estate market and lower cost of housing.
With its long, warm summers, rich Mexican/American city flavor, job growth and low cost of living, El Paso is a great place for a city lifestyle with a Mexican/American cultural influence.