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El Paso

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

Median Home$187,012
Median Rent$1,199/month
Population874,182
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing8% information & media
Home Value Growth⬆⬆+19.0% over 2 years
Family-Friendly26% of residentswell above average
Homeowners64% of occupied units
NotableVeteran Community8% of residents · top 28% nationally
El Paso

Frequently Asked Questions

What are today's mortgage rates in El Paso?

Mortgage rates for El Paso are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for El Paso
What is the median home price in El Paso?

The median home value in El Paso is $187k. The median monthly rent is $1,199. Annual property taxes average $4k. 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 19.0% 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 $1,108/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in El Paso is $64k/year.

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What industries drive the economy in El Paso?

The largest employment sectors in El Paso are public administration (25%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.