www.zillow.com/research/

APRIL2019 El Paso Metro

National Rents

Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%

El Paso Metro Rents

Current: $1,002Monthly Change: 0.2%Annual Change: 1.9%

Breakeven Horizon2.4 years

Major Cities - Rents

El PasoCurrent: $1,007Monthly Change: 0.3%Annual Change: 1.8%Breakeven Horizon: 2.4 years

SocorroCurrent: $925Monthly Change: 0.1%Annual Change: 3.6%Breakeven Horizon: 1.8 years

San ElizarioCurrent: $895Monthly Change: 0.2%Annual Change: 2.4%Breakeven Horizon: –

Horizon CityCurrent: $1,029Monthly Change: 0.4%Annual Change: 4.3%Breakeven Horizon: 2.6 years

FabensCurrent: $881Monthly Change: 0.3%Annual Change: -0.9%Breakeven Horizon: –

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-0.9% -0.8% - -0.1% 1.8% - 2.1% 2.2% - 2.4% 2.5% - 3.0% 3.1% - 4.3% 4.4% - 5.0%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Westway 5%

Horizon City 4.3%

Agua Dulce 4%

Socorro 3.6%

Sparks 3.5%

Bottom:Fabens -0.9%

Tornillo -0.1%

El Paso 1.8%

Clint 2.1%

San Elizario 2.4%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Rim Area 7.3%

Mission Hills 6.3%

Mountain Arroyos 5.8%

Northwest 4.9%

Cielo Vista 4.8%

Bottom:Zach White -1%

Borderland 0.3%

Silver Sprints Villa 0.5%

Five Points 1.4%

Golden Hills 1.4%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

APRIL2019

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Agua Dulce 944 4 0.6Anthony 1.9 1,001 3 0.7Canutillo 2.3 982 2.4 0.7Clint 1.7 971 2.1 0.6El Paso 2.4 1,007 1.8 1,150 0.7Fabens 881 -0.9 0.7Horizon City 2.6 1,029 4.3 0.7San Elizario 895 2.4 0.7Socorro 1.8 925 3.6 0.7Sparks 879 3.5 0.7Tornillo 889 -0.1 0.7Westway 946 5 0.7

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Nazareth 2.9 1,501 4 0.9North Whitehall 2.3 1,701 -3.5 0.9Northampton 1.9 1,316 2.4 0.9Palmer 3 1,621 4.6 1Penn Forest 1.8 1,233 2.7 0.9Phillipsburg 1.3 1,238 3 0.9Salisbury 2 1,449 0.8 1South Whitehall 2.2 1,639 2.2 0.9Upper Macungie 2.4 1,913 1 1,790 1Upper Milford 2.5 1,678 -3.9 1Upper Mt Bethel 3 1,413 -1 0.9Upper Saucon 2.7 1,795 -2.3 1Washington 2.7 1,578 3.5 1Whitehall 2.2 1,489 -1 0.9Wilson 1.4 1,290 5.9 1

Largest Neighborhoods Covered by Zillow

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Album Park 3 1,060 2.5 0.7Central 1.6 898 1.8 0.7Cielo Vista 3.1 1,103 4.8 0.7Coronado 2.7 1,150 4.6 0.7East Side 2.7 1,041 3.8 1,100 0.7El Paso Lower Valley 1.5 848 2.7 0.8Five Points 1.7 887 1.4 0.7Las Palmas 4.3 1,172 3.9 0.7Las Tierras 2.5 1,086 3.5 1,150 0.7Lower Valley 1.7 890 4.3 0.7

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Mesa Hills 2.6 1,096 2.7 0.7North Hills 3.3 1,245 3.8 1,340 0.7Northeast 1.8 913 2.4 1,000 0.7Northwest 3 1,358 4.9 1,450 0.7Pasadena 1.5 852 1.5 0.7Roberts 2.4 955 2.9 0.8Save the Valley 21 1.7 891 3.8 0.7Thomas Manor 1.6 895 2.9 0.7Ysleta Mission Valle 1.7 888 4.3 0.7Zach White 2.8 1,624 -1 0.8