El Dorado, AR Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
El Dorado, AR Housing Market Trends
With 17,063 people, 6,574 houses or apartments, and a median cost of homes of $135,045, house prices in El Dorado are solidly below the national average.
Single-family detached homes are the single most common housing type in El Dorado, accounting for 76.44% of the city's housing units. Other types of housing that are prevalent in El Dorado include duplexes, homes converted to apartments or other small apartment buildings ( 9.47%), large apartment complexes or high rise apartments ( 8.22%), and a few mobile homes or trailers ( 5.68%).
The most prevalent building size and type in El Dorado are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.86% owning and 44.14% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. El Dorado's housing was primarily built during this period, from the '40s through the '60s. A full 46.22% of the city's housing hails from this era. Other housing ages represented in El Dorado include homes built between 1970-1999 ( 42.86%) and housing constructed between 2000 and later ( 6.64%). There's also some housing in El Dorado built before 1939 ( 4.28%).
Vacant housing appears to be an issue in El Dorado. Fully 17.01% of the housing stock is classified as vacant. Left unchecked, vacant El Dorado homes and apartments can be a drag on the real estate market, holding El Dorado real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
El Dorado Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in El Dorado, where house values have increased just 44.32%, which is annualized rate of 3.74%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, El Dorado's appreciation rate, at 7.90%, has been at or slightly above the national average. In the latest quarter, El Dorado's appreciation rate has been 2.96%, which annualizes to a rate of 12.37%.
Relative to Arkansas, our data show that El Dorado's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within El Dorado differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Dorado - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best El Dorado real estate investment or home purchase decisions.
Median Home Value
$135,045
Low
for Arkansas
Very Low
for nation
Number of Homes And Apartments:
6,574
AR
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,360 / per month