Rental market snapshot for Northwest, El Paso

Northwest rental market summary

The rental market in Northwest, Texas is showing signs of growth. In July 2023, there were 126 new listings, a 9.5% increase from the previous month. This suggests that more people are looking to rent in the area. The median rent also increased from $2,100 in June 2023 to $1,900 in July 2023, a 1.6% increase from the same time last year. This indicates that the rental market is becoming more competitive and that prices are rising.

Overall, the rental market in Northwest, Texas is on the rise. With more new listings and increasing rents, it is becoming a more attractive option for those looking for a place to live. With the current trend, it is likely that the rental market will continue to grow in the coming months.

Median rent for all residential properties in Northwest

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The most expensive listings and top trending buildings in Northwest

Most Expensive Listings

AddressRent PriceBed / Bath
7536 Enchanted Ridge Dr$3,1504 / 3.0
7326 Corona Del Sol$3,0004 / 2.5
7140 Century Plant Dr$2,9503 / 2.5
1448 Cheyenne Ridge Dr$2,7904 / 2.0
2232 Thawline Pl$2,7504 / 2.5

Top Trending Buildings

building nameavg rent price
RPM Living$1,212
Myan Management Group$600

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Bedroom Breakdown in Northwest

Studio
$490
MEDIAN RENT
1 Bedroom
$600
MEDIAN RENT
2 Bedroom
$1,150
MEDIAN RENT

Northwest neighborhood apartments rents

The rental market for studios in Northwest, Texas appears to be relatively stable, with only one new listing in June 2023 and a median rent of $490. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to June. Overall, it appears that the rental market for studios in Northwest, Texas is relatively stable and may not be subject to significant fluctuations in the near future.

The rental market for 1-bedroom apartments in Northwest, Texas is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $600, a 33.0% decrease from the median rent in June 2023 of $896. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.

The rental market for 2-bedroom apartments in Northwest, Texas is showing signs of growth. In July 2023, there were 5 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,150, which is a 9.3% increase from the median rent in June 2023 of $1,052. This indicates that the rental market for 2-bedroom apartments in Northwest, Texas is on the rise and is likely to continue to increase in the coming months.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Northwest is $1,900.
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