The typical owner-occupied home in El Paso is worth about $134,800, 28% below the Arkansas median of $188,000 and 59% below the national median of $332,700. The median household earns $60,234 a year, so the median home costs 2.2 times the median income (3.1 times for Arkansas). 100% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
El Paso at a glance
| El Paso | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $134,800 | $188,000 | $332,700 |
| Median property tax paid per year | – | $1,040 | $3,119 |
| Median household income | $60,234 | $60,773 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 56% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,213 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 37.5% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 14.8% | 13.5% | 10.1% |
| Population | 470 | 3,049,391 | 334,922,499 |
What a typical home costs per month in El Paso
At this week's average 30-year rate of 7.11%, buying the median El Paso home of $134,800 with 20% down costs about $905 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,130, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $38,793 for the 20%-down payment. That payment is 18% of the median El Paso household income of $60,234; at that income and 20% down, the 28% guideline points to a home of about $209,000.
| Down payment | $26,960 |
|---|---|
| Loan amount | $107,840 |
| Principal and interest | $725 |
| Property taxes (1.10% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $905 |
Change the numbers in the calculator
| Down payment | $4,718 |
|---|---|
| Loan amount | $132,358 |
| Principal and interest | $890 |
| Property taxes (1.10% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,130 |
Change the numbers in the calculator
Questions about home buying in El Paso
What is the median home value in El Paso?
About $134,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in El Paso?
For the median home with 20% down at 7.11%, the payment is about $905 a month. Keeping that under 28% of gross income takes about $38,793 a year.
More about El Paso
- Mortgage Refinance in El Paso
- Debt Relief in El Paso
- Home Equity Loans in El Paso
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data