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Penrose Homes for Sale

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  • /15

    $169,000

    $11K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,175 Sq Ft

    8912 Mellon Dr, El Paso, TX 79907

    Affordable living with plenty of outdoor space! This cozy single-story home offers approximately 1,175 sq ft of living space and sits on a generous 0.28-acre lot, providing room to enjoy the outdoors or additional parking. The home features a functional layout with a spacious living area, comfortable kitchen, and 1 full bathroom.Located in the Mission Valley area of El Paso, this property

    Kim Reagan Priority One Property Manageme

    8912 Mellon Dr, El Paso, TX 79907
  • /43

    $320,000

    • 7 Beds
    • 2 Baths
    • 4,013 Sq Ft

    320 Mirasol Dr, El Paso, TX 79907

    Unlock the income potential of this versatile multi-unit property! Whether you're an investor looking to expand your rental portfolio or a homeowner seeking additional income, this property offers an excellent opportunity to maximize cash flow while enjoying the flexibility of multiple living spaces.Unit 1-Main Residence: Spacious 4-BR, 1-bath home with generous living areas, ideal for a

    Diana Wise Home Pros Real Estate Group

    320 Mirasol Dr, El Paso, TX 79907

Why Live in Penrose

Penrose is a residential neighborhood in El Paso’s Lower Valley. Situated between Interstate 10 and the Mexico border, the area is characterized by ranch-style homes built in the 1970s with modest lots and stone or chain-link fencing. Nearly a third of residents rent apartments from Canyon Square Village or one of 65 homesites within the Escondido Mobile Home Park. Both Mission Valley Elementary and Del Valle Middle are located within the neighborhood, and Del Valle High School offers advanced placement courses for Spanish literature, human geography and studio art. There’s a major shopping corridor by the intersection of North Loop Drive and North Zaragoza Road with businesses such as the El Super grocery store, Family Dollar, CVS and Economy Wholesale Grocers. There are also a few locally owned Mexican restaurants such as Jefita’s Tamales and El Atoron. Cracked asphalt roads and sidewalks are prevalent throughout the community, and Sun Metro buses provide public transportation to El Paso International Airport. Loop 375 leads 12 miles west toward Downtown El Paso. There are several playgrounds and picnic tables at Pueblo Viejo Park, while Little League games are held at Blackie Chesher Park. Kids enjoy swimming at the William W. Cowan Aquatic Center, and there are over 100 miles of hiking and biking trails at Franklin Mountains State Park.

Penrose, El Paso, TX Home Prices vs. Nearby Neighborhoods

Penrose Colonia del Valle Thomas Manor Pueblo Viejo
Median Home Price
$177,000
$191,000
$189,999
$180,500
Median Sale Price
$175,000
-5% YoY
$190,000
+15% YoY
$183,500
+8% YoY
$183,100
+17% YoY
Avg. Price per Square Foot
$149
$146
$150
$131
Median Single Family Price
$173,000
$194,250
$185,750
$180,000
Total Active Listings
2 listings
2 listings
3 listings
1 listing
Market Conditions
1 Month of Supply
Seller's Market
2 Months of Supply
Seller's Market
1 Month of Supply
Seller's Market
2 Months of Supply
Seller's Market

Frequently Asked Questions

Is Penrose a good place to live?
Penrose is a good place to live. Penrose is considered car-dependent and somewhat bikeable with minimal transit options. It is somewhat dense in population with 7.0 people per acre and a median age of 40. The average household income is $47,860 which is below the national average. College graduates make up 1% of residents. A majority of residents in Penrose are home owners, with 31% of residents renting and 69% of residents owning their home. A local real estate agent serving Penrose can help you decide if this neighborhood is the right one for you. Learn more on our Penrose neighborhood guide.
How much do you need to make to afford a house in Penrose?
The median home price in Penrose is $177,000. If you put a 20% down payment of $35,400 and had a 30-year fixed mortgage with an interest rate of 7.03%, your estimated principal and interest payment would be $940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $40K a year to afford the median home price in Penrose. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Penrose is $48K.
What are the best public schools in Penrose?
The best public schools that serve Penrose are:
What are the best private schools in Penrose?
The best private schools that serve Penrose are:
What are the most popular zip codes in Penrose, El Paso, TX?
The most popular zip codes in Penrose, El Paso, TX include 79907, 79915, 79936, 79927 and 79928.
What are the most popular neighborhoods near Penrose, El Paso, TX?
The most popular neighborhoods near Penrose, El Paso, TX are Colonia del Carmen, Pueblo Viejo, Valle Grande, Ysleta and Lomaland.
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