Cities with the most expensive homes in the El Paso metro area
Volodymyr Kyrylyuk // Shutterstock
Cities with the most expensive homes in the El Paso metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the El Paso metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
Stacker
#13. Fabens, TX
– Typical home value: $132,936
– 1-year price change: +3.4%
– 5-year price change: +53.0%
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#12. Sparks, TX
– Typical home value: $143,855
– 1-year price change: +5.2%
– 5-year price change: +71.7%
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#11. Westway, TX
– Typical home value: $149,140
– 1-year price change: +6.9%
– 5-year price change: +79.8%
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#10. San Elizario, TX
– Typical home value: $151,769
– 1-year price change: +10.5%
– 5-year price change: +74.4%
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#9. Tornillo, TX
– Typical home value: $152,982
– 1-year price change: +6.2%
– 5-year price change: +48.6%
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#8. Vinton, TX
– Typical home value: $176,251
– 1-year price change: +6.6%
– 5-year price change: +61.3%
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#7. Socorro, TX
– Typical home value: $182,616
– 1-year price change: +6.5%
– 5-year price change: +58.4%
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#6. Clint, TX
– Typical home value: $191,516
– 1-year price change: +6.0%
– 5-year price change: +63.9%
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#5. Anthony, TX
– Typical home value: $199,095
– 1-year price change: +6.9%
– 5-year price change: +59.7%
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#4. Canutillo, TX
– Typical home value: $201,024
– 1-year price change: +7.2%
– 5-year price change: +54.8%
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#3. Horizon City, TX
– Typical home value: $202,671
– 1-year price change: +6.7%
– 5-year price change: +58.1%
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#2. El Paso, TX
– Typical home value: $214,055
– 1-year price change: +6.8%
– 5-year price change: +56.1%
Stacker
#1. Agua Dulce, TX
– Typical home value: $259,347
– 1-year price change: +3.3%
– 5-year price change: +51.3%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
