Eldorado, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eldorado, IL Real Estate Data


Eldorado Housing Market Information

With 4,064 people, 1,563 houses or apartments, and a median cost of homes of $61,356, house prices in Eldorado are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Eldorado, accounting for 73.17% of the city's housing units. Other types of housing that are prevalent in Eldorado include mobile homes or trailers ( 16.04%), large apartment complexes or high rise apartments ( 5.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.96%).

Dwellings in Eldorado tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.47% of the homes in Eldorado have two or fewer bedrooms.

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. Eldorado's housing was primarily built during this period, from the '40s through the '60s. A full 35.26% of the city's housing hails from this era. Other housing ages represented in Eldorado include homes built between 1970-1999 ( 34.39%) and housing constructed before 1939 ( 27.99%). There's also some housing in Eldorado built between 2000 and later ( 2.37%).

Eldorado Home Appreciation Rates

In the last 10 years, Eldorado has experienced some of the highest home appreciation rates of any community in the nation. Eldorado real estate appreciated 36.22% over the last ten years, which is an average annual home appreciation rate of 3.14%, putting Eldorado in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Eldorado 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, Eldorado's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Eldorado's appreciation rate has been -0.08%, which annualizes to a rate of -0.30%.

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

Relative to Illinois, our data show that Eldorado's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$61,356

Eldorado, IL HOME PRICES

Value Range
> $1,201,000 0.0
$900,001 - $1,201,000 0.0
$600,001 - $900,000 0.0
$480,001 - $600,000 0.0
$361,001 - $480,000 0.0
$240,001 - $361,000 4.3
$120,001 - $240,000 4.4
$60,001 - $120,000 43.1
$0 - $60,000 48.2

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
98.0148738068747 97.5949367088608

Number Of Homes And Apartments:
1,563

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 66.91
Renters 33.09
Vacant 9.81

Housing Market Details

 

Age of Homes

AGE OF Eldorado HOMES
2000 or Newer 2.4
1970 - 1999 34.4
1940 - 1969 35.3
1939 or Older 28.0

Types of Homes

TYPE OF Eldorado HOMES
Single-Family 73.2
Townhomes 0.8
Small Apt. Buildings 5.0
Apt. Complexes 5.1
Mobile Homes 16.0
Other 0.0

Home Size

SIZE OF Eldorado HOMES
No Bedroom 2.08
1 Bedroom 13.62
2 Bedrooms 38.78
3 Bedrooms 34.56
4 Bedrooms 10.16
5 or more bedrooms 0.81

Eldorado Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
59.96% 2.80% 10 7
* 10 is highest

Popular Neighborhoods in Eldorado

Zip Codes in Eldorado, IL