El Paso housing market
Typical home value
$233K
▲ 2.5% 1 yr
Typical rent
$1,521/mo
▲ 3.5% 1 yr
12-month forecast
+2.3%
#228 of 546 metros
Gross rent yield
7.8%
#59 of 546 · U.S. 6.3%
Days to pending
74 days
▲ +5 days 1 yr
Listings with a price cut
17%
▲ +0.9 pts 1 yr
Key takeaways
- 1The typical home is worth $233,011, up 2.5% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,521/mo (+3.5% YoY), a 7.8% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,280/mo in principal and interest, $241 less than renting.
- 5Homes go under contract in 74 days (+5 days vs last year); 17% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 44/100, #216 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How El Paso compares
| Measure | El Paso | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.5% | +1.2% | #250 |
| Home value, 5-yr change | +32.1% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #228 |
| Rent, 1-yr change | +3.5% | +2.7% | #257 |
| Gross rent yield | 7.8% | 6.3% | #59 |
| Price-to-rent ratio | 12.8 | 15.8 | |
| Mortgage P&I on typical home | $1,280 | $2,012 | |
| Income needed to buy | $72,015 | $100,902 | |
| Days to pending | 74 | 56 |
Cities in the El Paso metro
2 cities with home value and rent data.
| El Paso | $238K | ▲ 2.6% | $1,508 | ▲ 3.4% | 7.6% |
| Horizon City | $222K | ▲ 0.9% | $1,744 | ▲ 4.7% | 9.4% |
Run the numbers
Rental property calculator
Cash flow on a typical El Paso rental ($233K, $1,521/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical El Paso home.
Rent vs buy
Is it cheaper to rent or buy in El Paso?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
Dallas, TX
$358K home$1,659 rent5.6% yield
▼ 2.0% 1 yr
Houston, TX
$303K home$1,638 rent6.5% yield
▼ 1.8% 1 yr
San Antonio, TX
$274K home$1,415 rent6.2% yield
▼ 1.9% 1 yr
Austin, TX
$414K home$1,603 rent4.6% yield
▼ 4.3% 1 yr
McAllen, TX
$189K home$1,119 rent7.1% yield
▼ 0.4% 1 yr
Killeen, TX
$248K home$1,308 rent6.3% yield
▼ 1.5% 1 yr
Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Brownsville, TX
$205K home$1,509 rent8.9% yield
▲ 1.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.