MARKET SNAPSHOT El Paso Q3 2025

Market Overview

‍The multifamily market in El Paso is showing signs of steady footing in Q3 2025, with average asking rent at about $1,295 per unit and occupancy near 89.8 percent. Year-to-date net absorption measured roughly 1,450 units while completions totalled approximately 1,520 units, suggesting supply and demand are close to parity. With starts beginning to taper, fundamentals appear positioned for gradual rent growth.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based research and advisory firm specialising in metro-level multifamily housing markets. Their Q3 2025 El Paso market report combines detailed data on rent trends, occupancy, absorption, completions and pipeline dynamics to help owners, developers and investors refine timing and strategic positioning. To read the full report, click here.