$0
Average Rent
$1,118 average rent in El Paso, Q3 2026
0%
Occupancy Rate
96% occupancy rate El Paso, Q3 2026
0
T4Q Net Absorption
1,452 T4Q net absorption in El Paso, Q3 2026
0%
Annual Rent Change
4% annual rent change in El Paso, Q3 2026
0
BPS Annual Occupancy Change
160 BPS annual occupancy change in El Paso, Q3 2026
0
T4Q Unit Completions
611 T4Q net absorption in El Paso, Q3 2026
KEY TAKEAWAYS
- Annual absorption surged to 1,452 units, more than twice the market’s 10-year average and well ahead of the 611 units delivered over the past year.
- Effective rents rose 4.1% year over year to $1,118, the strongest annual gain since early 2023, with concessions at just 1.0%.
- Occupancy climbed 160 basis points from a year ago to 96.1%, its highest level since 2022, as the construction pipeline fell 54% over the year.
MARKET OUTLOOK
El Paso stands out as one of the strongest apartment markets in the Southwest. Annual absorption has more than doubled deliveries over the past year, pushing occupancy to 96.1%, its highest level since 2022, and that tightening has translated into pricing power, with rent growth accelerating to 4.1%…
El Paso Advisors
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