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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −8.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −11.8% YoY, is the number to watch.
The median listing price is down 8.8% YoY while the median home got down 14.5% bigger, so value per square foot is down 2.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $209K purchase rents for $1,195/mo: 0.57% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 22 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 79904 itself, not its parent county.
Renters hold 55.8% of this ZIP's 12,563 occupied households, on a median household income of $42K.
| Measure | ZIP 79904 | El Paso County | Difference |
|---|---|---|---|
| Median Household Income | $42K | $60K | -$18K |
| Below Poverty Level | 22.8% | 18.7% | +4.1% |
| Median Age | 33.10 | 33.60 | -0.50 |
| Total Population | 32,976 | 870,779 | -- |
| Avg Household Size | 2.62 | 2.86 | -0.24 |
| Owner-Occupied | 44.2% | 64.2% | -20.0% |
| Worked From Home | 8.3% | 8.8% | -0.5% |
| Mean Commute | 21.80 | 24.10 | -2.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.5% to 870,779: residents under 18 are down 0.9% and those 65 and over are up 2.7%.
County median household income is $60K, 18.7% of residents are below the poverty level, 8.8% work from home.