Department of Numbers

El Paso Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in El Paso, TX (the El Paso metro area) was $757 in 2015 according to the Census ACS survey.1 Average gross rent in El Paso was $724 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 El Paso median and average rent data will be released in September of 2017.

Data is also available below for El Paso rental vacancy rates, El Paso rent as a percent of median income and the fraction of renters in El Paso.

Show dollars as: Nominal Real

Real Gross Rent in El Paso Texas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Texas Median Gross Rent $932 +4.48% +11.88%
El Paso, TX Median Gross Rent $757 +2.99% +3.98%

El Paso, TX Real Gross Rent Trends

At $757, real median gross rent in El Paso was at its highest level in 2015 since the series began in 2005. Average gross rent for El Paso peaked in real terms in 2013 at $736 and is now $12 (1.63%) lower.

Real Gross Rent in El Paso: El Paso TX Median, El Paso TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for El Paso

Date US
Median
Texas
Median
El Paso, TX
Median
El Paso, TX
Average
2015 $959 $932 $757 $724
2014 $930 $892 $735 $717
2013 $898 $851 $744 $736
2012 $886 $833 $728 $715
2011 $887 $828 $722 $726
2010 $901 $844 $702 $700
2009 $905 $847 $670 $664
2008 $920 $857 $671 $672
2007 $874 $813 $622 $612
2006 $883 $823 $624 $629
2005 $858 $791 $596 $574

El Paso Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for El Paso Texas was 9.67% according to Census ACS data.

Rental Vacancy Rate in El Paso Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
El Paso, TX 9.67% -1.18% +2.65%

Trends in El Paso, TX Rental Vacancy Rate

The rental vacancy rate in El Paso peaked in 2014 at 10.85%. Since then it has fallen by 1.18% to 9.67%. Data records for this series originated in 2005.

Rental Vacancy Rate: El Paso TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for El Paso

Date US Texas El Paso, TX
2015 5.85% 6.95% 9.67%
2014 6.32% 7.30% 10.85%
2013 6.49% 7.86% 8.44%
2012 6.77% 8.53% 7.02%
2011 7.40% 9.23% 4.61%
2010 8.17% 10.60% 8.15%
2009 8.43% 10.69% 6.23%
2008 7.86% 10.24% 9.17%
2007 7.87% 10.61% 10.48%
2006 7.70% 10.28% 10.05%
2005 7.74% 10.60% 7.25%

Rent as a Fraction of Income

Using median household income data for El Paso, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For El Paso, median monthly gross rent as a fraction of median household income was 20.82% in 2015 according to the ACS.

El Paso Texas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Texas 20.10% -0.18% +0.44%
El Paso, TX 20.82% -1.28% -0.77%

Trends in El Paso, TX Rent as a Fraction of Income

The fraction of median El Paso household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.54%. Since then it has fallen by 1.72% to 20.82%.

Fraction of Income towards Rent: El Paso TX, Texas, US

Percent of median household income going towards median monthly gross rent in El Paso Texas

Historical Data for Annual Rent as a Fraction of Income in El Paso Texas

Date US Texas El Paso, TX
2015 20.63% 20.10% 20.82%
2014 20.89% 20.27% 22.10%
2013 20.78% 19.89% 22.54%
2012 20.65% 19.65% 21.59%
2011 20.70% 19.75% 21.50%
2010 20.50% 19.77% 22.19%
2009 20.12% 19.59% 20.72%
2008 19.00% 18.42% 19.77%
2007 18.66% 18.52% 19.28%
2006 18.90% 18.99% 20.14%
2005 18.89% 19.11% 19.61%

Renter Fraction in El Paso Texas

You can calculate the renter fraction in El Paso in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in El Paso as a fraction of total El Paso households. In 2015 38.47% of households were renters according to Census ACS data.

El Paso Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Texas 38.94% +0.10% +1.22%
El Paso, TX 38.47% 0.00% -0.58%

Trends in the El Paso, TX Renter Fraction

The El Paso household renter fraction peaked in in 2011 at 39.44% and is now 0.97% below that level. The origin year for the series is 2005.

Fraction of Renting Households: El Paso TX, Texas, US

Fraction of renters in El Paso

History of El Paso Renter Fraction

Date US Texas El Paso, TX
2015 36.97% 38.94% 38.47%
2014 36.90% 38.84% 38.47%
2013 36.50% 38.16% 39.06%
2012 36.09% 37.72% 39.05%
2011 35.42% 37.08% 39.44%
2010 34.65% 36.42% 37.04%
2009 34.13% 36.32% 38.63%
2008 33.36% 35.10% 34.06%
2007 32.80% 34.82% 35.17%
2006 32.73% 34.75% 35.77%
2005 33.10% 35.29% 34.81%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.