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 $144,657, lower than the Texas average of $235,268.
The average cost of rent is $1,021/mo in El Paso, primarily driven by the current value of real estate in the El Paso area. While nearly 47.29% of residents own their homes outright in El Paso, 31.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in El Paso is $5,077 per month. Households that rent pay about 20.11% of their income on rent here. El Paso's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Fort Bliss, TX: less expensive homes
- Socorro, TX: less expensive homes
- Homestead Meadows South, TX: less expensive homes
- Sunland Park, NM: equally priced homes
- Homestead Meadows North, TX: less expensive homes
- Horizon City, TX: equally priced homes
- Santa Teresa, NM: higher priced homes
- Dell City, TX: less expensive homes
- Salt Flat, TX: less expensive homes
- Columbus, NM: less expensive homes
Cities with Similar Populations
- Johns Creek, GA: higher priced homes
- Knoxville, TN: higher priced homes
- Kent, WA: higher priced homes
- Kissimmee, FL: higher priced homes
- Katy, TX: higher priced homes
- Jackson, TN: higher priced homes
- Jonesboro, AR: higher priced homes
- Jonesboro, GA: equally priced homes
- Kalamazoo, MI: higher priced homes
- Joliet, IL: higher priced homes
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