El Paso is the 69th largest multifamily market with 54,018 completed units and 13,830 units in development, 894 of which have already broken ground, as of December 2021.
El Paso Multifamily Market Summary – December 2021
New lease asking rents are at $937, up 13.6%▲
from the previous year placing El Paso at 42nd
overall in year-over-year rent growth.