How much is a home worth in ZIP code 79938?

The typical home in 79938 is worth $253,118, based on the Zillow Home Value Index.

Are home values rising in 79938?

Home values in 79938 are up 1.9% over the past year, and up 6.2% a year over five years.

What is the typical rent in 79938?

A typical home in 79938 rents for about $1,683 a month, a gross rental yield of 8.0%.

What is the property tax rate in 79938?

The effective property tax rate in 79938 is 1.8% — roughly $4,478 a year on a typical home.

ZIP code 79938 has a population of 99,621 and a median household income of $77,272.

HousingHandbookReference data

…

U.S. ZIP Code · TX79938

El Paso County · El Paso, TX

Typical home value

$253,118^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +6.2%
10-year / yr: +4.9%

Relative price

vs U.S.: -10.9%
vs metro: +16.7%
vs state: -3.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 79938 is worth $253,118 — 16.7% above the El Paso, TX median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,683 a month — a 8.0% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,683^[2]
Gross yield: 8.0%^[2]
Cap rate: 4.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.8%^[3]
Typical annual tax: $4,478^[3]

#Climate risk

FEMA National Risk Index ratings for El Paso County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively High
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Relatively Low
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 99,621^[3]
Median household income: $77,272^[3]

#Migration

Household moves in and out of El Paso County over a year, from IRS tax-return data.

Net migration: -1,972^[5]
Moved in: 14,798
Moved out: 16,770

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 22
Elementary: 11
Middle: 6
High: 3

PEBBLE HILLS H S
High · Grades 9–12 · SOCORRO ISD
2,912 students
EL DORADO H S
High · Grades 9–12 · SOCORRO ISD
2,188 students
SSG MANUEL R PUENTES
Middle · Grades 6–8 · SOCORRO ISD
1,085 students
SGT JOSE F CARRASCO EL
Elementary · Grades PK–5 · SOCORRO ISD
1,054 students
CACTUS TRAILS
Elementary · Grades PK–5 · SOCORRO ISD
1,010 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.0%

Net yield (after ~40% expenses)4.8%

Annual rent$20,200

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,280

Loan principal$202,494

Down payment$50,624

Total interest paid$258,271

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$1,864

Monthly rent$1,683

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 12th percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 64th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in TXView list →

Frequently asked

How much is a home worth in ZIP code 79938?: The typical home in 79938 is worth $253,118, based on the Zillow Home Value Index.
Are home values rising in 79938?: Home values in 79938 are up 1.9% over the past year, and up 6.2% a year over five years.
What is the typical rent in 79938?: A typical home in 79938 rents for about $1,683 a month, a gross rental yield of 8.0%.
What is the property tax rate in 79938?: The effective property tax rate in 79938 is 1.8% — roughly $4,478 a year on a typical home.
Who lives in 79938?: ZIP code 79938 has a population of 99,621 and a median household income of $77,272.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

79934 vs 79938 →
El Paso, TX
Typical home
$250,778
Gross yield
8.6%
79928 vs 79938 →
Horizon City, TX
Typical home
$261,065
Gross yield
8.4%
79935
El Paso, TX
Typical home
$240,942
Gross yield
5.6%
79925
El Paso, TX
Typical home
$239,272
Gross yield
7.2%
79936
El Paso, TX
Typical home
$222,479
Gross yield
8.0%
79902
El Paso, TX
Typical home
$284,060
Gross yield
4.6%

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Pit ZIP 79938 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX79938

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