WhereCanIAfford › El Paso, TX › On $425,000

Is El Paso, TX affordable on a $425,000 salary?

YES On $425,000/yr, the typical $234,069 home in El Paso, TX needs $71,885/yr ($1,677/mo). Your gap: +$353,115 — housing would be 4.7% of your gross income.

The math

234,069 price − 10% down (23,407) = 210,662 loan
30-yr fixed at 6.95% on 210,662 = 1,394/mo principal+interest
+ 283/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,677/mo PITI ÷ 0.28 = 5,990/mo → 71,885/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear El Paso, TX?

You need about $71,885/yr for the typical home. On $425,000 you already clear it by $353,115.

On $400,000? On $450,000? On $475,000?

See the full El Paso, TX affordability breakdown → or every metro you can afford on $425,000 →