MARKET SNAPSHOT

El Paso Q3 2025

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AVERAGE RENT

$1,075 Q3 2025

OCCUPANCY RATE

94.6% Q3 2025

NET ABSORPTION

668 YTD Q3 2025

ANNUAL RENT CHANGE

0.9% Q3 2025

ANNUAL OCCUPANCY CHANGE

-20 BPS Q3 2025

UNIT COMPLETIONS

275 YTD Q3 2025

KEY TAKEAWAYS
Absorption of 226 units in Q3 ranked fourth among the past ten third quarters, surpassing both the 10-year and pre-pandemic Q3 averages.
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275 units were delivered in Q3, and only 639 units remain under construction (1.3% of inventory), keeping competition limited and supporting continued market stabilization as recent lease-ups mature.
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Stabilized occupancy rose to 94.6% in Q3, ranking second among Texas metros and remaining above the national average of 93.5%.
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MARKET OUTLOOK
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El Paso’s apartment market enters late 2025 in steady shape, underpinned by mid-94% occupancy, consistent renter demand, and a compact pipeline...

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