Side-by-side comparison of El Paso, TX and Midland, TX — cap rates, rent, prices, and investment metrics.
Cash flow: El Paso has the edge with an estimated cap rate of 3.69% compared to Midland's 3.46%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $195,000 in El Paso vs $280,000 in Midland, while rents come in at $1,080/mo and $1,450/mo respectively.
Growth & appreciation: Midland is growing faster at 2.2% annually vs El Paso's 0.6%. Midland leads on home value appreciation at 2.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 1.74% in El Paso vs 1.59% in Midland. Vacancy rates of 6.2% and 5.8% are mixed — Midland has the tighter rental market.
Bottom line: Midland edges out El Paso on most key metrics. While cap rates are moderate at 3.46%, Midland's overall profile is stronger. Use our free calculators to model specific deals in El Paso or Midland.