79915, El Paso, TX

The El Paso, TX 79915 zip code has a population of about 1.5 million people and is located in the southeastern corner of the state. The median home value in this zip code is $128,000, which is about $30,000 less than the statewide median home value of $213,500. The homeownership rate in this zip code is just over 63%, which is lower than the statewide homeownership rate of 67%.

There are a number of factors that could be contributing to the lower home values in this zip code. One potential reason is that there are a lot of vacant homes in this area, which could be driving down prices because there's less competition for homes. Additionally, El Paso has been hit hard by the recession and many people have lost their jobs or have reduced their income levels. This could be leading to fewer buyers interested in purchasing or owning homes here.

Despite these challenges, there are some areas where prices have remained relatively stable or even increased over recent years. For example, prices haven't decreased much around downtown El Paso despite all of the negative news that's been circulating lately about the city's economy. In fact, some areas near downtown may actually be worth more now than they were five or ten years ago due to all of the new development taking place there. Additionally, some newer neighborhoods that have sprung up near schools and other amenities may also be seeing higher prices due to increased demand from families who want to live close to quality public services.