El Paso, TX

Richest neighborhoods in El Paso--is the price worth it?

Channelocity

El Paso, Texas is a flourishing city with 678,815 people and 159 constituent neighborhoods. This city is the sixth-largest community in Texas.

El Paso is an extremely ethnically-diverse city. People of Hispanic or Latino origin are the most prevalent group in El Paso, accounting for 81.49% of the total population.

We found the most expensive neighborhoods in El Paso and the results may surprise you.

#1-Valley Creek South

The most expensive place to live in El Paso is Valley Creek South. The median home price is $379,639, which is more expensive than 78.6% of the neighborhoods in Texas and 63.1% of the neighborhoods in the U.S.

There's one notable statistic about Valley Creek South and that's that there's a higher rate of owner-occupied housing than is found in 98.5% of U.S. neighborhoods.

Government jobs can be a stable source of income. In this neighborhood, 17.3% of its workforce has a greater concentration of government workers than 98.1% of U.S. neighborhoods.

#2-High Ride

Second, on our list is the High Ride residential area. The median home price is $372,273, which is more expensive than 76.9% of the neighborhoods in Texas and 61.6% of the neighborhoods in the U.S.

This particular neighborhood has some wealthy residents. In fact, neighbors in the High Ridge neighborhood in El Paso make this place in the 15% highest income neighborhoods in America. People in this neighborhood have a higher income than 92.2% of the neighborhoods in America.

Given a large percentage of El Paso residents are Hispanic, something to note is that 44.3% of households speak English as their primary language. Other important languages spoken here include Spanish and Arabic.

#3-Riverbend/The Willows

The third richest neighborhood in El Paso is Riverbend/The Willows with a median real estate price of $359,481, which is more expensive than 68.2% of the neighborhoods in Texas.

Something interesting about this neighborhood is it's in the top 1.8% of college-friendly places to live in the state of Texas. This spot is popular among college students given the walkability, and its above-average safety from crime.

#4-Bear Ridge

The neighborhood of Bear Ridge is the fourth richest neighborhood in El Paso and has a median home price of $358,835, which is more expensive than 76.2% of the neighborhoods in Texas.

The average rental cost in this neighborhood is higher than 88.8% of the neighborhoods in Texas with an average monthly price of $2,399.

#5-Mountain Arroyos

The fifth wealthiest spot in El Paso is Mountain Arroyos. This residential area has a median home price of $358,082, making it more expensive than 76.1% of homes in the state of Texas.

This neighborhood is very diverse with 58.7% of this neighborhood's residents having Mexican ancestry and 0.8% have Lebanese ancestry.

Professionals in this area have all kinds of jobs. In fact, 54.0% of the working population is employed in executive, management, and professional occupations. Secondly, most other people are in some type of sales and service jobs. And 23.3% of the residents are employed in fast-food restaurants.

El Paso residents, what do you think of this list? Would you purchase a home here? Let us know in the comments!

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