MARKET SNAPSHOT

El Paso Q2 2025

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,061 Q2 2025

OCCUPANCY RATE

93.8% Q2 2025

NET ABSORPTION

285 H1 2025

ANNUAL RENT CHANGE

0.0% Q2 2025

ANNUAL OCCUPANCY CHANGE

-140 BPS Q2 2025

COMPLETIONS

0 H1 2025

KEY TAKEAWAYS

Renter demand in El Paso has turned positive, with 173 units absorbed in Q2 2025, marking a second consecutive quarter of gains. However, 12-month net absorption remains negative, underscoring an incomplete recovery.

Click Here

No new units delivered in the first half of 2025, the first such pause since 2017, which has helped ease pressure on fundamentals. Nevertheless, the construction pipeline remains near historical norms, with future completions likely to test market stability.

Click Here

Rent growth was flat year-over-year while occupancy declined to 93.8%, though improving quarterly demand and limited recent new supply may support gradual recovery.

Click Here

MARKET OUTLOOK

READ THE FULL REPORT

El Paso’s apartment fundamentals remain in a stabilization phase as the market adjusts to recovering demand and the aftereffects of a prior wave of new supply...