How Much House Can I Afford in El Paso, TX?
Use local market data to estimate what you can afford in El Paso. The median home value is $195,000 with a population of 678,000.
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FAQ — Buying in El Paso
How much house can I afford in El Paso?
The median home value in El Paso is $195,000. At a 20% down payment ($39,000) and a 6.37% rate, the estimated P&I payment would be roughly $973 per month — before taxes and insurance. Use the calculator above with your actual income and debts for a personalized answer.
What is the 28/36 rule for buying a home in El Paso?
The 28/36 rule suggests your housing payment should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. In El Paso with a median home price of $195,000, this means your gross monthly income should ideally be at least $3,474 to keep housing comfortably within the 28% threshold.
How do El Paso property taxes affect my affordability?
El Paso County has an effective property tax rate of 2.16%, which adds approximately $351 per month to your housing cost on a median-priced home.
What 2026 loan limits apply in El Paso?
In 2026, the FHA loan limit for El Paso County is determined by HUD based on local median home prices. The conforming limit set by FHFA is at least $832,750 — loans above this are jumbo mortgages with different qualification standards. Higher-cost counties may have elevated limits.