Market Snapshot | El Paso Q2 2 025

Market Overview

In Q2 2025, El Paso’s multifamily market is showing tentative signs of recovery. Net absorption reached 173 units for the quarter and totaled 285 units through mid-year. No new completions were recorded in the first half—marking the first such pause since 2017—which has helped ease pressure on fundamentals. Average rent held steady at $1,061, while occupancy dipped 140 basis points to 93.8 percent year-over-year. Demand is edging back but has yet to fully offset the prior surplus in supply.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy insights across key U.S. metros, including El Paso. Their reports integrate rental trends, occupancy data, net absorption metrics, and pipeline dynamics with local context, helping investors, developers, and owners make informed strategic decisions.