Market Trends for Central Appraisal El Paso Texas Residential Property

Analyzing property values, new developments, and multifamily housing trends, as assessed by the Central Appraisal El Paso Texas, reveals key insights into the county’s real estate market. This data helps homeowners and investors stay informed about property value changes and market conditions.

Multifamily Residential Property Market in El Paso County

In 2024, EPCAD recorded 8,204 multifamily residential accounts (Category B), valued at $4.3 billion.
Between 2022 and 2024, multifamily properties increased in value by over $930 million, highlighting rising demand for rental housing and investment properties.
The historical average market value for multifamily properties over the past three years is $3.59 billion, with a median value of $3.37 billion, indicating stable long-term growth in this segment.

The multifamily residential sector in El Paso County includes duplexes, triplexes, fourplexes, and apartment complexes. These properties provide housing for a growing population and play a significant role in the real estate market.

Growth in New Residential Property Developments

In 2024, EPCAD added 3,989 new residential properties (Category A), contributing $562 million in new market value.
The taxable value of these newly constructed properties totaled $561 million, strengthening the county’s property tax base.
Between 2022 and 2024, single-family home values (Category A) rose from $42.86 billion to $53.46 billion, while multifamily properties (Category B) increased from $3.37 billion to $4.3 billion, showcasing robust market expansion.

New construction continues to drive El Paso County’s property market, with an increasing number of newly built homes contributing to the local economy.

Trends in Property Value Changes Over Time

Between 2022 and 2024, single-family home values (Category A) grew by $10.6 billion, from $42.86 billion to $53.46 billion, marking a significant rise.
Multifamily properties (Category B) experienced a sharp increase in value, rising from $3.37 billion in 2022 to $4.3 billion in 2024, showcasing investor confidence in rental housing.
New developments, combined with increasing market demand, have contributed to these rising values, ensuring steady growth in El Paso County’s property market.

Property values in El Paso County have experienced steady appreciation across different residential categories. The market’s strength is reflected in historical value trends.

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Market Trends for Central Appraisal El Paso Texas Residential Property