The typical home in El Paso, TX is worth about $220,000.
With 20% down that's a loan near $176,000 — the calculator
is pre-filled with that figure. El Paso's home prices are among the lowest of any major Texas metro, but the county's property tax rate runs above the Texas average, offsetting some of that affordability. The border economy and Fort Bliss give the market a steadier, less boom-bust character than Austin or Dallas.
$1,142.70 / month
Total interest
$235,375
Total paid
$411,375
Payoff
30.0 years
How much you need to earn
El Paso, TX's median household income is about
$55,000 a year. Under standard 28/36
lending rules that supports a home price around
$153,868 with 20% down —
below the $220,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in El Paso, TX is about $1,150 a month, so owning the median home costs roughly
$563 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in El Paso, TX?
On the metro's roughly $220,000 typical home with 20% down, the loan is about $176,000. Principal and interest run near $1,143 a month at today's rate, and El Paso, TX's property tax plus insurance add about $570, for a full payment near $1,713.
Can I afford a home in El Paso, TX on the median income?
The median household income is about $55,000 a year. Under standard 28/36 lending rules that supports a home price around $153,868 with 20% down — below the $220,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in El Paso, TX?
Typical asking rent is about $1,150 a month. The full owner payment on a median home is near $1,713, so owning costs roughly $563 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in El Paso, TX?
The effective property tax rate in the core county is about 2.20% of market value — roughly $4,840 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in El Paso, TX rising or falling?
Home values are up about 2% over the past year. El Paso's home prices are among the lowest of any major Texas metro, but the county's property tax rate runs above the Texas average, offsetting some of that affordability. The border economy and Fort Bliss give the market a steadier, less boom-bust character than Austin or Dallas.