Cities with the most expensive homes in the El Paso metro area

(STACKER) – Buying a home is an investment – and it’s getting more and more expensive. The median home value in the United States is now $ 281,370, up 11.6 percent from last year. Meanwhile, the average monthly housing cost for a mortgage-free home is $ 1,558 and no mortgage is $ 490.

Stacker used data from Zillow to compile a list of the cities with the most expensive homes in the greater El Paso area. Cities will be ranked according to the Zillow Home Values ​​Index for all homes from June 2021.

Home buyers have a lot to consider when looking for a home or investing in rental property, from the location of the housing market itself to taxes and potential resale value. The real estate market grew robustly and expensive in the ten years after the 2008 recession and most recently experienced a boom during the coronavirus pandemic. Another consideration is the house itself, including the type of maintenance and costs involved. Depreciation affects all homes at an average rate of 3.636% per year, which can be helpful in tax season when you use your home for business or rental purposes but can later incur capital gains taxes on sale. Meanwhile, land value tends to increase over time, depending on several factors including the location of the home and nearby amenities and homes. More desirable neighborhoods allow sellers to ask for more; The mantra “location, location, location” has never been so relevant.

How is your city doing? Check out the cities with the most expensive houses on Metro El Paso below:

# 10. San Elizario, Texas ($ 125,445)
– 1 year price change: + 19.7%
– 5 years price change: + 35.7%

# 9. Spark, TX ($ 126,225)
– 1 year price change: + 21.5%
– 5 years price change: + 42.8%

#8th. Relief, TX ($ 135,267)
– 1 year price change: + 15.8%
– 5 years price change: + 34.1%

# 7. Clint, Texas ($ 150,331)
– 1 year price change: + 16.9%
– 5 years price change: + 35.3%

# 6. Horizon City, TX ($ 155,743)
– 1 year price change: + 16.3%
– 5 years price change: + 31.2%

# 5. Anthony, Texas ($ 157,956)
– 1 year price change: + 14.8%
– 5 years price change: + 26.8%

# 4. Vinton, TX ($ 158,155)
– 1 year price change: + 28.1%
– 5 years price change: + 42.5%

# 3. Canutillo, Texas ($ 161,935)
– 1 year price change: + 15.3%
– 5 years price change: + 31.0%

# 2. El Paso, Texas ($ 165,671)
– 1 year price change: + 16.9%
– 5 years price change: + 33.6%

#1. Agua Dulce, Texas ($ 205,921)
– 1 year price change: + 11.3%
– 5 years price change: + 40.1%

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