Airbnb City Guide: The Best Places To Invest in El Paso, Texas

Airbnb Rules and Regulations in El Paso, Texas

El Paso does not have a codified short-term rental ordinance or specific regulations for Airbnb properties. The city has been considering implementing a permit requirement and other regulations since 2018, but after conducting a survey in early 2023, officials found little support for regulating short-term rentals. While the city recommends hosts and guests follow "Good Neighbor Guidelines" to minimize potential negative impacts on neighboring properties, these are not enforceable.

Property owners must still comply with the El Paso County Land Development Code and County Ordinances. Discussions about possible regulations have been ongoing, such as limiting the location of short-term rentals, instituting permit requirements and fees, and imposing hotel occupancy taxes. However, many Airbnb hosts have expressed concerns that stricter regulations could harm their businesses and hinder El Paso's participation in the growing gig economy. As of now, El Paso Airbnb operators have dodged the regulation bullet, but the city may revisit the issue in the future as the short-term rental market continues to evolve.

El Paso Airbnb Market Data

• Average Revenue – $17.9K per year
• Average Daily Rate – $124.8 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $63.3
• Average Home Prices – $216,673

1. Top Place to Invest in El Paso, Texas - Chelmont

Nestled in the heart of El Paso, Chelmont is a vibrant neighborhood that offers a perfect blend of convenience, affordability, and charm. Thanks to its prime location and promising real estate market, this hidden gem has attracted a plethora of investors looking to start their Airbnb journey.

Chelmont Airbnb Market Data

• Average Revenue – $11.9K per year
• Average Daily Rate – $76.8 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $38.5

Convenience - 7/10

Chelmont boasts a convenient location, with easy access to major highways and public transportation. Residents can quickly reach downtown El Paso, making commutes to work or leisure activities a breeze. The neighborhood also features a variety of local shops, restaurants, and services, catering to the daily needs of its inhabitants.

Tourist Attractions - 5/10

While Chelmont itself may not be a major tourist destination, its proximity to El Paso's top attractions is a definite plus. Visitors can explore the nearby El Paso Museum of Art, take a scenic drive along the historic Mission Trail, or immerse themselves in the city's rich cultural heritage at the El Paso Museum of History.

Things to Do - 6/10

Chelmont offers a range of recreational activities for residents and visitors alike. The neighborhood is home to several parks, including the popular Chelmont Park, which features playgrounds, picnic areas, and walking trails. Golf enthusiasts can enjoy a round at the nearby Ascarate Golf Course, while nature lovers can explore the stunning Franklin Mountains State Park, just a short drive away.

Average Home Prices - 7/10

According to Zillow, the median home value in Chelmont stood at $213,522 as of March 2024, representing a 6.2% increase from the previous year. This appreciation rate indicates a healthy and growing real estate market, making Chelmont an attractive option for investors seeking steady returns. The neighborhood offers diverse housing options, from cozy apartments to spacious single-family homes catering to various budgets and preferences.

Proximity to Work-Related Travel - 8/10

Chelmont's strategic location makes it an ideal choice for professionals who frequently travel for work. The neighborhood is just a short drive from the El Paso International Airport, ensuring convenient access to domestic and international flights. Additionally, Chelmont is close to major business districts, hospitals, and convention centers, such as the El Paso Convention and Performing Arts Center, making it a prime spot for those who value a quick and easy commute.

X-Factor - 7/10

What sets Chelmont apart is its strong sense of community and small-town charm despite being located in the heart of a bustling city. The neighborhood fosters a tight-knit atmosphere, with friendly neighbors and regular community events that bring residents together. This unique combination of urban convenience and suburban tranquility makes Chelmont a desirable place to call home.

2. Top Place to Invest in El Paso, Texas - North Park

Nestled in the heart of El Paso, North Park is a thriving neighborhood that offers a perfect blend of urban convenience and suburban charm. This up-and-coming area has been attracting savvy investors and homebuyers alike, thanks to its prime location, affordable housing options, and promising real estate market.

North Park Airbnb Market Data

• Average Revenue – $15.8K per year
• Average Daily Rate – $103.5 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $55.9

Convenience - 8/10

North Park boasts an unbeatable location, with easy access to major highways, public transportation, and the El Paso International Airport. Residents can quickly reach downtown El Paso, making commutes to work or leisure activities a breeze. The neighborhood also features a variety of local shops, restaurants, and services, catering to the daily needs of its inhabitants.

Tourist Attractions - 6/10

While North Park itself may not be a major tourist destination, its proximity to El Paso's top attractions is a definite plus. Visitors can explore the nearby Franklin Mountains State Park, take a scenic drive along the historic Mission Trail, or immerse themselves in the city's rich cultural heritage at the El Paso Museum of History.

Things to Do - 7/10

North Park offers a range of recreational activities for residents and visitors alike. The neighborhood is home to several parks, including the popular North Park, which features playgrounds, picnic areas, and walking trails. Golf enthusiasts can enjoy a round at the nearby Painted Dunes Desert Golf Course, while nature lovers can explore the stunning Hueco Tanks State Park & Historic Site, just a short drive away.

Average Home Prices - 8/10

According to Zillow, the median home value in North Park stood at $185,000 as of March 2024, representing a 5.8% increase from the previous year. This appreciation rate indicates a healthy and growing real estate market, making North Park an attractive option for investors seeking steady returns. The neighborhood offers diverse housing options, from cozy apartments to spacious single-family homes catering to various budgets and preferences.

Proximity to Work-Related Travel - 9/10

North Park's strategic location makes it an ideal choice for professionals who frequently travel for work. The neighborhood is just a short drive from the El Paso International Airport, ensuring convenient access to domestic and international flights. Additionally, North Park is close to major hospitals, such as The Hospitals of Providence and University Medical Center of El Paso, as well as the El Paso Convention and Performing Arts Center, making it a prime spot for medical professionals and business travelers.

X-Factor - 8/10

Its strong sense of community and welcoming atmosphere set North Park apart. The neighborhood fosters a tight-knit environment, with friendly neighbors and regular community events that bring residents together. This unique combination of urban convenience and small-town charm makes North Park a desirable place to call home for families, young professionals, and retirees alike.

3. Top Place to Invest in El Paso, Texas - Lower Valley

Nestled in the heart of El Paso, the Lower Valley is a vibrant and culturally rich neighborhood that offers a unique blend of history, convenience, and investment potential. Thanks to its affordable housing options, growing real estate market, and strong sense of community, this hidden gem has become a prime go-to location for short-term rentals.

Lower Valley Airbnb Market Data

• Average Revenue – $15K per year
• Average Daily Rate – $105.8 per night
• Average Occupancy Rate – 49%
• Average RevPAR – $50.3

Convenience - 7/10

The Lower Valley boasts a convenient location, with easy access to major highways and public transportation. Residents can quickly reach downtown El Paso, making commutes to work or leisure activities a breeze. The neighborhood is home to various local shops, restaurants, and services, such as the popular Barron's Superette (now Valley Supermarket), catering to the daily needs of its inhabitants.

Tourist Attractions - 6/10

While the Lower Valley itself may not be a major tourist destination, it is home to the historic Mission Trail, recently named the 2023 Best Historical Site in Texas by the Texas Travel Awards. Visitors can explore the centuries-old Ysleta, Socorro, and San Elizario Chapel, which stand as living testaments to the region's rich history.

Things to Do - 5/10

The Lower Valley offers a range of recreational activities for residents and visitors alike. The neighborhood features several parks, such as Blackie Chesher Park and Lancaster Park, providing opportunities for outdoor fun and fitness. Foodies can indulge in authentic Mexican cuisine at local restaurants like Teppanyaki Grill & Buffet and Pho Tre Bien.

Average Home Prices - 8/10

According to Trulia, the median home price in the Lower Valley stood at $185,000 as of March 2024, representing a 5.8% increase from the previous year. This appreciation rate indicates a healthy and growing real estate market, making the Lower Valley an attractive option for investors seeking steady returns. The neighborhood offers a diverse range of affordable housing options, catering to various budgets and preferences.

Proximity to Work-Related Travel - 6/10

The Lower Valley's location provides reasonable access to work-related travel destinations. While not in the immediate vicinity of major hospitals or convention centers, the neighborhood is within a 20-30 minute drive of these facilities, depending on traffic conditions. The nearby Loop 375 and I-10 highways facilitate efficient travel to other parts of the city.

X-Factor - 7/10

Its strong sense of community and rich cultural heritage sets the Lower Valley apart. The neighborhood is known for its tight-knit atmosphere, where neighbors look out for one another and take pride in their shared history. The Lower Valley's unique blend of Mexican and American influences creates a vibrant and welcoming environment that is hard to find elsewhere in El Paso.

4. Top Place to Invest in El Paso, Texas - East Side

The East Side of El Paso is a rapidly growing area that offers a perfect blend of affordability, convenience, and untapped potential. This up-and-coming neighborhood has been attracting new short-term rental investors thanks to its strategic location, diverse housing options, and promising real estate market.

East Side Airbnb Market Data

• Average Revenue – $21.9K per year
• Average Daily Rate – $151.4 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $79

Convenience - 8/10

The East Side boasts an unbeatable location, with easy access to major highways, public transportation, and the El Paso International Airport. Residents can quickly reach downtown El Paso, making commutes to work or leisure activities a breeze. The neighborhood also features a variety of local shops, restaurants, and services catering to the daily needs of its inhabitants.

Tourist Attractions - 5/10

While the East Side itself may not be a major tourist destination, its proximity to El Paso's top attractions is a definite plus. Visitors can explore the nearby Hueco Tanks State Park & Historic Site, take a scenic drive along the historic Mission Trail, or immerse themselves in the city's rich cultural heritage at the El Paso Museum of History.

Things to Do - 7/10

The East Side offers a range of recreational activities for residents and visitors alike. The neighborhood is home to several parks, including the popular Album Park, which features playgrounds, picnic areas, and walking trails. Sports enthusiasts can enjoy a game at the Socorro Student Activities Complex, while nature lovers can explore the stunning Franklin Mountains State Park, just a short drive away.

Average Home Prices - 9/10

According to Zillow, the median home value in the East Side stood at $165,000 as of March 2024, representing a 6.5% increase from the previous year. This appreciation rate indicates a healthy and growing real estate market, making the East Side an attractive option for investors seeking steady returns. Airbnb analyzers can also give investors a better idea about their chosen properties, helping them make informed decisions through the diverse housing options available within the area.

Proximity to Work-Related Travel - 8/10

The East Side's strategic location makes it an ideal choice for professionals who frequently travel for work. The neighborhood is just a short drive from the El Paso International Airport, ensuring convenient access to domestic and international flights. Additionally, the East Side is close to major hospitals, such as Del Sol Medical Center and The Hospitals of Providence East Campus, as well as the El Paso County Coliseum, making it a prime spot for medical professionals and event attendees.

X-Factor - 8/10

Its strong sense of community and untapped potential sets the East Side apart. The neighborhood is experiencing rapid growth and development, with new businesses, restaurants, and housing projects popping up regularly. This unique combination of affordability, convenience, and growth potential makes the East Side a desirable place to invest in for those looking to capitalize on the area's rising popularity.