Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$233,011+2.5% YoY · prices are rising
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$50,512About 0.8× the local median income ($59,838): affordable for a typical household
Days on market64 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in El Paso, TX is worth $233,011, up 2.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $223,493, so the area is 4.3% overvalued. It is a seller's market: homes take about 64 days to sell, listings are down 14% from a year ago, 11% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $50,512 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,838. Typical rent is $1,521 a month, or $1,767 for a house. In the latest IRS figures, 3,821 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$233,011
Change in 1 year
+2.5%
Overvalued %
+4.3%
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Fair home value
$223,493
Change in 5 years
+32.1%
Zillow forecast, next 12 months
+2.3%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,263
Income needed to afford it
$50,512
Property tax rate
2.03%
Rent and investing
Typical rent
$1,521
Typical rent for houses
$1,767
Price-to-rent ratio
12.8×
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HUD Fair Market Rent, 2 bedrooms
$1,145
Gross rental yield
7.83%
Cap rate (estimate)
5.09%
Market activity
Listings vs a year ago
−13.7%
Days on market
64
Listings with a price cut
11.1%
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Homes for sale
2,603
Pending sales per 100 listings
42
Asking price per sq ft
$173
People and jobs
Median household income
$59,838
Population change (1 year)
−0.2%
Unemployment rate
6.0%
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Population
881,291
Income adjusted for cost of living
$66,561
Net moves in (IRS)
−3,821
Cost of living (US = 100)
89.9
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
95.1
Unhealthy air days a year
63
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Flood risk score
96.4
Wildfire risk score
70.8
Walkability (1 to 20)
11.2
Road, rail and air noise
54 dB
Questions people ask
Is El Paso, TX overvalued?
Home prices in El Paso, TX are slightly above what local incomes have historically supported: fair value is about $223,493, so the area is 4.3% overvalued.
Is El Paso, TX a buyer's or seller's market?
El Paso, TX is a seller's market: homes take about 64 days to sell, listings are down 14% from a year ago, 11% of listings have had a price cut.
Are home prices going down in El Paso, TX?
Home values in El Paso, TX are up 2.5% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in El Paso, TX?
A household needs about $50,512 a year to afford the typical home in El Paso, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,838.