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These days, finding an affordable place to live in the El Paso area can be challenging. Home prices in El Paso are now at a median cost of $163,718, lower than the Arkansas average of $207,061.
The average cost of rent is $1,007/mo in El Paso, primarily driven by the current value of real estate in the El Paso area. In El Paso, 10.11% of households rent, and 51.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in El Paso is $6,300 per month. Households that rent pay about 15.98% of their income on rent here. El Paso’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Barrentine Corner, AR: higher priced homes
- Naylor, AR: higher priced homes
- Floyd, AR: higher priced homes
- Romance, AR: higher priced homes
- Mount Vernon, AR: higher priced homes
- Otto, AR: higher priced homes
- Vilonia, AR: higher priced homes
- Beebe, AR: equally priced homes
- Ward, AR: equally priced homes
- Enola, AR: equally priced homes
Cities with Similar Populations
- Hunt, TX: higher priced homes
- Sherrill, IA: higher priced homes
- Sheffield, IA: equally priced homes
- Scandinavia, WI: higher priced homes
- Olympic Valley, CA: higher priced homes
- Lodge Grass, MT: less expensive homes
- Kunia, HI: higher priced homes
- Kopperl, TX: higher priced homes
- Key Center, WA: higher priced homes
- Kermit, WV: less expensive homes
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