The typical owner-occupied home in El Dorado is worth about $124,100, 34% below the Arkansas median of $188,000 and 63% below the national median of $332,700. Owners pay a median $700 a year in property taxes, about 0.56% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $49,244 a year, so the median home costs 2.5 times the median income (3.1 times for Arkansas). 57% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
El Dorado at a glance
| El Dorado | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $124,100 | $188,000 | $332,700 |
| Median property tax paid per year | $700 | $1,040 | $3,119 |
| Property tax as a share of value | 0.56% | 0.55% | 0.94% |
| Median household income | $49,244 | $60,773 | $80,734 |
| Homes lived in by their owners | 57% | 66% | 65% |
| Owner homes with a mortgage | 52% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,148 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 18.5% | 21.0% |
| Median rent | $880 | $947 | $1,413 |
| Rent as a share of renters' income | 29.8% | 27.6% | 30.6% |
| Median year homes were built | 1970 | 1987 | 1980 |
| Vacant homes | 16.9% | 13.5% | 10.1% |
| Population | 17,115 | 3,049,391 | 334,922,499 |
What a typical home costs per month in El Dorado
At this week's average 30-year rate of 7.11%, buying the median El Dorado home of $124,100 with 20% down costs about $777 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $984, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $33,321 for the 20%-down payment. That payment is 19% of the median El Dorado household income of $49,244; at that income and 20% down, the 28% guideline points to a home of about $183,000.
The median rent here is $880 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,820 |
|---|---|
| Loan amount | $99,280 |
| Principal and interest | $668 |
| Property taxes (0.56% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $777 |
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| Down payment | $4,344 |
|---|---|
| Loan amount | $121,852 |
| Principal and interest | $820 |
| Property taxes (0.56% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $984 |
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Questions about home buying in El Dorado
What is the median home value in El Dorado?
About $124,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in El Dorado?
Homeowners pay a median $700 a year, which is about 0.56% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in El Dorado?
For the median home with 20% down at 7.11%, the payment is about $777 a month. Keeping that under 28% of gross income takes about $33,321 a year.
More about El Dorado
- Mortgage Refinance in El Dorado
- Debt Relief in El Dorado
- Home Equity Loans in El Dorado
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data