El Dorado, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating El Dorado Neighborhoods Since 2000




El Dorado, AR Real Estate Data

Source & Methodology

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

El Dorado Housing Market Information

With 18,386 people, 7,469 houses or apartments, and a median cost of homes of $94,079, the cost of homes in El Dorado is among some of the lowest in the nation. Compared to Arkansas, however, El Dorado real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in El Dorado, accounting for 74.36% of the city's housing units. Other types of housing that are prevalent in El Dorado include mobile homes or trailers ( 10.69%), large apartment complexes or high rise apartments ( 9.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.90%).

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 58.54% owning and 41.46% 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 52.78% of the city's housing hails from this era. Other housing ages represented in El Dorado include homes built between 1970-1999 ( 36.33%) and housing constructed between 2000 and later ( 5.61%). There's also some housing in El Dorado built before 1939 ( 5.28%).

Vacant housing appears to be an issue in El Dorado. Fully 15.45% 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

In the last 10 years, El Dorado has experienced some of the highest home appreciation rates of any community in the nation. El Dorado real estate appreciated 18.78% over the last ten years, which is an average annual home appreciation rate of 1.74%, putting El Dorado in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, El Dorado definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, El Dorado's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, El Dorado's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

Notably, El Dorado's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that El Dorado's latest annual appreciation rate is higher than 70% 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.

Average Home Values

 

Median Home Value:
$94,079

El Dorado, AR HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 0.2
$549,001 - $823,000 0.9
$439,001 - $549,000 0.3
$329,001 - $439,000 2.7
$220,001 - $329,000 4.6
$109,001 - $220,000 25.8
$55,001 - $109,000 36.3
$0 - $55,000 29.2

Average for AR
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3254424000937 49.2957746478873

Number Of Homes And Apartments:
7,469

El Dorado Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
38.88% 1.92% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$783 / per month

Homeownership Rate

Homeownership
Owners 58.54
Renters 41.46
Vacant 15.45

Housing Market Details

 

Age of Homes

AGE OF El Dorado HOMES
2000 or Newer 5.6
1970 - 1999 36.3
1940 - 1969 52.8
1939 or Older 5.3

Types of Homes

TYPE OF El Dorado HOMES
Single-Family 74.4
Townhomes 0.5
Small Apt. Buildings 4.9
Apt. Complexes 9.5
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF El Dorado HOMES
No Bedroom 5.86
1 Bedroom 8.89
2 Bedrooms 32.16
3 Bedrooms 43.69
4 Bedrooms 7.87
5 or more bedrooms 1.53