El Paso, TX home prices
Typical home $233,011 · +2.5% in a year · income needed $75,600
The El Paso, TX metro area ranks 510 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.5% in a year and +32.1% over five years. With 20% down at 7.11%, the typical home costs about $1,764 a month including 2.03% property tax (El Paso County rate).
Mortgage on the typical El Paso home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $46,602 | $186,409 | $1,254 | $0 | $510 | $1,764 | $75,600 |
| 10% down | $23,301 | $209,710 | $1,411 | $87 | $510 | $2,009 | $86,100 |
| 5% down | $11,651 | $221,361 | $1,489 | $92 | $510 | $2,092 | $89,600 |
| 3.5% down (FHA) | $8,155 | $228,791 | $1,539 | $103 | $510 | $2,153 | $92,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.03% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the El Paso area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| El Paso County, TX | $233,084 | +2.5% | 2.03% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in El Paso?
The typical home in the El Paso, TX metro area is worth $233,011 (Zillow, September 2026).
What salary do you need to buy a house in El Paso?
About $75,600 a year for the typical home with 20% down at 7.11%.