El Paso
Texas · Ranked #278 of 373 metros
58Moderate
💡
Housing in El Paso costs 3.24× the median income, below the national average of 4.5×. The median home price is $191K and median rent is $1,127/month. El Paso ranks #278 of 373 metros for affordability.
Median Home Price
🏠$191K
Need $66K income
Median Rent
🔑$1,127
Need $42K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨2,320
annual
Median Income
💰$59K
Pop: 868,859
Rent Burden
⚠️32.5%
of renters paying >30%
Price Change (YoY)
📈+2.5%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | El Paso | National |
|---|---|---|
| Price-to-Income Ratio | 3.24x | 6.1x |
| Rent Burden | 32.5% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Price Change | +2.5% | +3.5% |
| YoY Rent Change | +2% | +2.8% |
| Mortgage Denial Rate | 16.5% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +65.7%Since 2000: +188%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$821/mo
1 Bedroom$1,013/mo
2 Bedroom$1,191/mo
3 Bedroom$1,633/mo
4 Bedroom$1,998/mo
Zillow Market Data
Home Value (ZHVI)
$227K
1yr: +1.1%5yr: +42.3%
Rent (ZORI)
$1,451/mo
1yr: +1.5%5yr: +35.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$275K
Active Inventory
2,529
Days on Market
83
Sold Above List
16.1%
Price Drops
14.8%