El Paso County, Texas Housing Market Prices
El Paso County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Texas median$216,908
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Median rent 23% below the Texas median More expensive than 74% of counties in Texas$1,079
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | El Paso County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,908 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,079 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in El Paso County is about 16% lower than in Texas. Rent is about 23% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in El Paso County, up about 9.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in El Paso County rose about 43.8% between 2015 and 2024, from $750 to $1,079. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in El Paso County.
Buying the median-priced home in El Paso County costs roughly 16.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in El Paso County. The price-to-rent ratio in Texas is about 15.4.
| Metric | El Paso County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,908 | $258,873 | $248,835 |
| Median Household Income | $59,810 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in El Paso County rose about 93.6%, while median household income rose about 66.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | El Paso County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 56.7% | 58.5% |
| Rental Rate | 33.1% | 33.9% | 31.2% |
| Vacancy Rate | 7.4% | 9.4% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
El Paso County has a homeownership rate of 59.5%, higher than the Texas average of 56.7%. Its housing vacancy rate is 7.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | El Paso County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1988 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in El Paso County was built around 1988. On average, 2.9 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
El Paso County, TX Housing Compared With Nearby Counties
El Paso County, TX is the largest of the 5 counties compared here, 870,506 residents against a local median of 47,213. Where El Paso County, TX breaks from the counties next to it is median rent, sitting 30% above the local median of $831 at $1,079.
Median home price tells the same story from another angle: $216,908 against a local median of $182,453, 19% above it. The counties themselves spread $312 on median rent, so El Paso County, TX sits at one end of an already wide local range rather than apart from it. El Paso County, TX has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| El Paso County, TX | 870,506 | $216,908 #2/5 | $1,079 #1/5 | 64.2% #5/5 |
| Doña Ana County, NM | 224,261 | $171,025 | $934 | 65.5% |
| Otero County, NM | 68,816 | $167,814 | $961 | 67.0% |
| Luna County, NM | 25,611 | $193,882 | $649 | 70.9% |
| Sierra County, NM | 11,501 | $222,914 | $729 | 71.8% |
Frequently Asked Questions
Common questions about the housing market in El Paso County, Texas.
What is the median home price in El Paso County, Texas?
The median home price in El Paso County, Texas is $216,908, lower than the Texas average of $258,873.
What is the average home price in El Paso County, Texas?
The typical home price in El Paso County, Texas, reported as the median sale price, is $216,908. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in El Paso County, Texas?
The median gross rent in El Paso County, Texas is $1,079 per month, lower than the Texas average of $1,402.
What was the median gross rent in El Paso County in 2020?
In 2020, the median gross rent in El Paso County, Texas was $855 per month.
What is the price-to-rent ratio in El Paso County, Texas?
The price-to-rent ratio in El Paso County, Texas is about 16.8, meaning it would take roughly 16.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in El Paso County.
Are home prices or rent rising faster in El Paso County, Texas?
Both home prices and rent are rising in El Paso County, up about 9.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in El Paso County, Texas?
59.5% of households in El Paso County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in El Paso County, Texas?
The housing vacancy rate in El Paso County, Texas is 7.4%, lower than the Texas average of 9.4%.
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