Median Home Price
$225,562.43
Median Rent
$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 Difference
−$97,870
Median Home PriceBETTER
$208,878.83
Median RentBETTER
$1,307.7/mo
Price-to-Rent Ratio
13.3
Property Tax RateTIE
1.80%
Price Change (1Y)
-0.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$88,860
Key Differences
Home Prices
El Paso's median home price of $225,562.43 is higher than Lubbock's $208,878.83 by 8%.
Monthly Rent
Renting in El Paso costs $1,503.81/mo compared to $1,307.7/mo in Lubbock—a difference of $196.11/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.