El Paso Rent Growth 2nd Fastest In U.S.

Rental rates in the Sun City have risen faster in the last five years than cities like New York and San Francisco. That’s according to the online investment analysis site Nerd Wallet, which compiled a list of cities with the fastest-growing rents.


Via:  NerdWallet

Since 2009, rent has risen 33.5% in El Paso, largely in part to a major increase in demand due to an economy bolstered by Fort Bliss. This puts El Paso at number two on the list. The site states that a thriving energy industry and a large presence of federal regulatory agencies also add to the local economy.