Market Overview
Home Prices in El Paso, TX
The median home value in El Paso, TX is $237,834 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in El Paso are priced42% below average. El Paso is part of the El Paso, TX metro area.
Over the past five years, El Paso home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
El Paso Home Price Trend
City Comparison
El Paso vs. National Median
At $237,834, homes in El Paso cost 42% below the national median of $410,000. This makes El Paso a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in El Paso?
20% Down Payment
$47,567
on $237,834
Monthly P&I
$1,240/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,575/mo
incl. taxes & insurance
Income Needed
$63,000
gross annual (30% rule)
10% Down Option
$23,783
+ PMI applies
Loan Amount (20% dn)
$190,267
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in El Paso, TX?
The median home value in El Paso is $237,834 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in El Paso?
Over the past year, home values in El Paso have increased by 1.7%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in El Paso?
To comfortably afford the median home price of $237,834 with a 20% down payment ($47,567) at today's rates (6.8%), you'd need a gross annual income of approximately $63,000. This assumes keeping total housing costs at or below 30% of gross income.
How does El Paso compare to the national average home price?
The national median home value is approximately $410,000. At $237,834, homes in El Paso are 42% below the national average.
What metro area is El Paso part of?
El Paso is part of the El Paso, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.