Median Home PriceBETTER
$225,562.43
Median RentBETTER
$1,503.81/mo
Price-to-Rent RatioBETTER
12.5
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
+0.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$97,870
Median Home Price
$277,739.66
Median Rent
$1,583.64/mo
Price-to-Rent Ratio
14.6
Property Tax RateTIE
1.80%
Price Change (1Y)
-2.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$136,727
Key Differences
Home Prices
El Paso's median home price of $225,562.43 is lower than Houston's $277,739.66 by 19%.
Monthly Rent
Renting in El Paso costs $1,503.81/mo compared to $1,583.64/mo in Houston—a difference of $79.83/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.