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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 +3.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −33.2% YoY, is the number to watch.
The median listing price is up 3.8% YoY while the median home got up 3.9% bigger, so value per square foot is down 0.5%.
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 $314K purchase rents for $1,820/mo: 0.58% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 36 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented), Multi-Family (rented here, not sold), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 79938 itself, not its parent county.
Renters hold 18.7% of this ZIP's 29,664 occupied households, on a median household income of $77K.
| Measure | ZIP 79938 | El Paso County | Difference |
|---|---|---|---|
| Median Household Income | $77K | $60K | +$17K |
| Below Poverty Level | 12.0% | 18.7% | -6.7% |
| Median Age | 30.20 | 33.60 | -3.40 |
| Total Population | 99,621 | 870,779 | -- |
| Avg Household Size | 3.23 | 2.86 | +0.37 |
| Owner-Occupied | 81.3% | 64.2% | +17.1% |
| Worked From Home | 9.6% | 8.8% | +0.8% |
| Mean Commute | 29.30 | 24.10 | +5.20 |
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.