Home Price Key
Affordable
Average
Expensive
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 $407,611, higher than the New Mexico average of $199,923.
The average cost of rent is $907/mo in El Paso, primarily driven by the current value of real estate in the El Paso area. While nearly 44.83% of residents own their homes outright in El Paso, 18.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in El Paso is $8,166 per month. Households that rent pay about 11.10% of their income on rent here. El Paso's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Santa Teresa, NM: less expensive homes
- Canutillo, TX: less expensive homes
- Vinton, TX: less expensive homes
- La Union, NM: less expensive homes
- Anthony, TX: less expensive homes
- La Tuna, TX: less expensive homes
- Sunland Park, NM: less expensive homes
- Anthony, NM: less expensive homes
- Chamberino, NM: less expensive homes
- Berino, NM: less expensive homes
Cities with Similar Populations
- Wesco, MO: less expensive homes
- Webb City, OK: less expensive homes
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- Weeks, AR: less expensive homes
- Flora, OR: less expensive homes
- Flomot, TX: less expensive homes
- Weirgor, WI: less expensive homes
- Fields, OR: less expensive homes
- Weldon Spring Heights, MO: higher priced homes
- Fentress McMahan, KY: less expensive homes
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