El Paso, TX
Real Estate in El Paso
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Everything you Need to Know before Buying Real Estate in El Paso
El Paso is a city in the state of Texas. Strategically located at the foothills of the iconic Franklin Mountains, El Paso is home to a wide range of historical sites and diverse cultures. It is one of the best cities to live in Texas, given its great amenities and excellent living conditions. With an average of 302 days of sunshine annually, El Paso is nicknamed the "Sun City." This means that you will enjoy the great outdoors, whether it is rock climbing or hiking. The city's rapid development in recent years has made it one of the best real estate markets. With many people moving into the city, real estate in El Paso, Texas, is in high demand. With one of the highest populations in Texas, the El Paso metropolitan area makes the real estate market even more valuable.
History of El Paso
History of El Paso
In its early years, El Paso was occupied by Mexicans, Native Americans, Spanish, and European settlers. All of these early inhabitants influenced El Paso's culture significantly. After the end of the Civil War, El Paso experienced a rapid population increase, with more Texans moving into villages. The city's close location to major cities saw its population increase rapidly during this time. El Paso was incorporated as a city in 1873, with a majority of its population in neighborhoods along the river. There was a mixture of races in the 1870s, with the civil war having a great impact on the city's racial makeup. In 1875, there were 150 Hispanics and 23 non-Hispanic Whites in El Paso. When another civil war broke out in the country, a military expansion in El Paso as well as oil discoveries around the Permian Basin saw the city develop significantly. Economic development was experienced until the mid-1900s. Oil refining, copper smelting, and the introduction of low-wage industries expanded El Paso's economy significantly. In the period between 1942 to 1956, there was the bracero program in El Paso. The program brought up cheap labor from Mexico into the nearby rural areas. This was meant to replace the losses of the non-Hispanic White population. The bracero program benefited El Paso significantly as the immigrants moved into the city looking for better-paying jobs.
Things to do in El Paso
Things to do in El Paso
El Paso is home to numerous historical attractions, museums, and a beautiful park. Located across the Mexican border in western Texas, El Paso offers you a wide of exciting things to do and see.
One of the popular attractions in El Paso is the Hueco Tanks State Historic Site. This facility has been an interactive ranch house since the 1900s, allowing visitors to understand the history of the city. You will also get an opportunity to learn more about the park's history and its importance. There are self-guided and guided tours at the facility. A walk in the facility will have you admiring the spectacular rock imagery all over the park. For many years, the spot has held rainwater in the rock-based called Huesca, and that is where it got its name from.
Another great attraction in El Paso is the El Paso Museum of Art. It was founded in 1959 and is one of the city's most spectacular attractions. It has a permanent collection that showcases the works of Manuel Gregorio Acosta, Gilbert Stuart, and other legendary artists. You can also explore the El Paso Zoo which covers a total of 32 acres. It is a land of dense greenery and is home to numerous exotic animals. There is a wide range of rare animal species in the facility. This is a great place to visit with your kids.
El Paso is strategically located at the foothills of the Franklin Mountains. It is found at the intersection of three states (Chihuahua, New Mexico, and Texas), and two countries (Mexico and the U.S.). El Paso is the only major city in Texas on Mountain Time. Even though the neighboring town of Ciudad Juarez was once in Central Time, they both are now on MT. The city is located in the easternmost section of the Range and Basin Region within the Chihuahuan desert. The iconic Franklin Mountains penetrate El Paso from the northern part of the city, nearly dividing it into two sections. There are two sides of El Paso: the eastern side that expands into the lower valley and desert, and the west side that forms the beginnings of the Mesilla Valley. The sides connect in El Paso's central business district and the other side of the mountain range. From the city's downtown, you can enjoy a spectacular view of the mountain range.
El Paso demographics
El Paso demographics
El Paso has been occasionally named the best city to invest in real estate in Texas, mostly due to its population. In the 2019 census, El Paso had a population of 689,734, a 6.8% increase from the 2010 census. This shows that more people have been moving to El Paso over the last decade. There were 289,673 households and 137,283 families in the city. El Paso's population density was 2,289.8 people per square mile. With 228,994 housing units, the city had an average density of 772.2 housing units per square mile.
El Paso has a median household income of $46,744, with the median family income being $50,345. These figures are one of the highest in Texas, with the increase attributed to a thriving local economy. Males had a median income of $32,484, with females having a median income of $23,834. The city's per capita income was $23,374. Out of the 282,733 households recorded in 2019, there was an average of 2.93 people per household. The census also indicated that there was an owner-occupied housing rate of 52.2%. The average value of owner-occupied houses in El Paso was $128,273. The city had a median gross rent of $834 from 2015 to 2020.
El Paso has a very diversified economy. Some of the biggest sectors in El Paso's economy are civil service, health care, oil and gas, service, and tourism sectors. With a GDP of $31.3 billion in 2018, the El Paso metropolitan area has one of the largest economies in Texas. The city has $109 billion worth of trade in 2018. Over the last decade, El Paso has been a hub for American-based call centers. The presence of a wide range of companies means there are numerous employment opportunities in El Paso. This makes it highly profitable to invest in real estate for sale in El Paso, Texas. Agriculture is also rampant in El Paso, with vegetable cotton, and fruits produced in the area.
Arts in El Paso
Arts in El Paso
El Paso is a great city for arts and entertainment. It has one of the most popular festivals in the southern region. For example, the outdoor musical extravaganza Viva. El Paso attracts thousands of participants. The festival is performed in the McKelligon Canyon Amphitheatre. This event is locally produced and showcases the 400-year evolution of the El Paso region. It covers the city's historical and cultural heritage. You can catch the show each Friday and Saturday night in June, July, and August. The Viva El Paso festival is one of the longest and most spectacular events in the United States, attracting both local and national-international audiences.
If you enjoy performance arts, you can explore various performance venues in the city. The El Paso Symphony, which has been in operation since 1930, is the oldest performing-art group in the region. It is also the longest-running symphony orchestra in the state of Texas. The group has earned both local and international recognition as a result of numerous successful tours. The most notable ones are the tours of Germany in 1996 and Turkey in 2000. The presence of several entertainment venues makes it a great idea to invest in real estate for sale in El Paso, Texas.
Schools in El Paso
Schools in El Paso
Schools in the city of El Paso are managed by four school districts. There are six high schools and 27 elementary schools in the city. El Paso is also home to the University of Texas-El Paso. This is the largest public university in Texas and the region beyond. Several institutions of higher learning are also found in the city. The presence of numerous learning institutions makes it noble to invest in real estate for sale in El Paso, Texas.
Why El Paso?
Why El Paso?
Investing in real estate is a bold decision. To be successful, you must invest in an ideal location with the right conditions. El Paso is a city that fits this description, being a major urban area in Texas. Investing in real estate in El Paso, Texas has the potential to be profitable due to the city's high population. The city's thriving local economy is also a major boost for real estate.
Kaiya Botosh
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Jaydon Levin
Los Angeles
Martin Lipshutz
Texas
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San Francisco
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