Market Snapshot El Paso Q1 2025

Market Overview

El Paso began 2025 as one of the most stable multifamily markets in Texas, posting a 93.8% occupancy rate—well above the state’s major metros. Year-over-year rent growth landed at 0.7%, modest yet consistent amid economic headwinds. Supply remained in check, with no new units delivered in Q1 and only 260 scheduled for the full year. Submarkets like Eastside South and Central led the region in effective rent growth, benefiting from a combination of affordability, tight inventory, and proximity to employment centers. Limited development and healthy fundamentals position El Paso as a resilient market for owners focused on long-term stability.

About MMG

MMG Real Estate Advisors is a data-focused multifamily brokerage and advisory firm known for its clear, decision-oriented market reporting. With deep regional expertise and national transaction data, MMG equips owners, investors, and developers with the tools to evaluate risk and opportunity at both the macro and submarket levels. Their reports include granular performance insights and practical takeaways—particularly valuable in secondary and tertiary markets like El Paso, where boots-on-the-ground knowledge makes a difference.

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