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El Paso

Learn about the people, housing, costs and businesses in El Paso, Arkansas

Median Home$168,800
Median Rent$1,255/month
Population295
Leading IndustriesArts, Food & Hospitality · Public Administration9% arts, food & hospitality
Home Value Growth⬆⬆⬆+22.4% over 2 years
Retirees29% of residentswell above average
Homeowners93% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
El Paso
AR

Frequently Asked Questions

What are today's mortgage rates in El Paso?

As of today, the 30-year fixed mortgage rate for El Paso is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in El Paso?

The median home value in El Paso is $169k. The median monthly rent is $1,255. Annual property taxes average $734. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in El Paso?

Home values in El Paso have increased 22.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in El Paso?

Based on a typical all-in ownership cost of $738/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in El Paso is $79k/year.

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What industries drive the economy in El Paso?

The largest employment sectors in El Paso are public administration (26%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.