El Paso - TX housing market
The El Paso metro has a typical home value of $234,069, up 2.2% from a year ago. Homes sell in 29 days on average, a balanced market. Data from Zillow Research, updated monthly.
El Paso housing market, October 2026
The typical El Paso home is worth $234,069 as of August 2026, up 0.3% from the prior month, up 0.5% over three months, and up 2.2% from a year ago. Over the past two years values have ranged from $227,641 to $234,069.
Homes are going pending in about 29 days, faster than the 33 days seen three months earlier. There are roughly 3,359 homes for sale, 15% fewer than a year ago. 16.6% of listings have taken a price cut (up from 15.1% three months ago).
Typical rent is $1,525 a month, up 3.3% year over year, which puts the price-to-rent ratio at 12.8.
At this week's 7.40% mortgage rate with 20% down ($46,814), the typical El Paso home costs about $1,589 a month including tax and insurance, which needs a household income of roughly $68,100 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($234,069) is the Zillow Home Value Index for the El Paso - TX metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.2% over the past year. In El Paso - TX, that means a home worth $229,030 last year is now worth roughly $234,069.
The median sale price, what homes actually close for, is $250,798. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in El Paso - TX sit on the market for roughly 29 days before going pending. Shorter = seller's market; longer = buyer's market.
About 16.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 853 new listings hit the market each month in El Paso - TX. There are currently 3,359 homes for sale, down 15.2% from a year ago.
The typical monthly rent in El Paso - TX is $1,525, up 3.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 12.8x, buying territory (#185 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,297 a month in principal and interest, $228 less than renting before taxes, insurance and upkeep. The two break even at a 9.14% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in TX
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Dallas - TX | $360,437 | -2.3% | 34.0d |
| Houston - TX | $305,001 | -1.9% | 40.0d |
| San Antonio - TX | $276,747 | -1.9% | 45.0d |
| Austin - TX | $417,977 | -4.7% | 53.0d |
| McAllen - TX | $193,007 | -0.2% | 75.0d |
| Killeen - TX | $250,457 | -1.5% | 45.0d |