Eldorado, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eldorado, IL 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

Eldorado Housing Market Information

With 4,064 people, 1,513 houses or apartments, and a median cost of homes of $53,818, 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 74.06% of the city's housing units. Other types of housing that are prevalent in Eldorado include mobile homes or trailers ( 18.83%), duplexes, homes converted to apartments or other small apartment buildings ( 4.72%), and a few large apartment complexes or high rise apartments ( 2.05%).

Dwellings in Eldorado tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.59% 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 39.14% of the city's housing hails from this era. Other housing ages represented in Eldorado include homes built between 1970-1999 ( 36.80%) and housing constructed before 1939 ( 22.53%). There's also some housing in Eldorado built between 2000 and later ( 1.54%).

Vacant housing appears to be an issue in Eldorado. Fully 13.94% of the housing stock is classified as vacant. Left unchecked, vacant Eldorado homes and apartments can be a drag on the real estate market, holding Eldorado 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.

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 33.27% over the last ten years, which is an average annual home appreciation rate of 2.91%, 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.

Over the last year, Eldorado appreciation rates have trailed the rest of the nation. In the last twelve months, Eldorado's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eldorado were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Eldorado's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$53,818

Eldorado, IL HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 0.0
$437,001 - $547,000 0.0
$328,001 - $437,000 0.5
$219,001 - $328,000 4.4
$109,001 - $219,000 5.5
$55,001 - $109,000 42.1
$0 - $55,000 47.4

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
98.9804289230048 98.8607594936709

Number Of Homes And Apartments:
1,513

Eldorado Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
54.16% 2.54% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$646 / per month

Homeownership Rate

Homeownership
Owners 69.78
Renters 30.22
Vacant 13.94

Housing Market Details

 

Age of Homes

AGE OF Eldorado HOMES
2000 or Newer 1.5
1970 - 1999 36.8
1940 - 1969 39.1
1939 or Older 22.5

Types of Homes

TYPE OF Eldorado HOMES
Single-Family 74.1
Townhomes 0.3
Small Apt. Buildings 4.7
Apt. Complexes 2.0
Mobile Homes 18.8
Other 0.0

Home Size

SIZE OF Eldorado HOMES
No Bedroom 1.54
1 Bedroom 9.90
2 Bedrooms 40.16
3 Bedrooms 36.63
4 Bedrooms 11.09
5 or more bedrooms 0.68

Popular Neighborhoods in Eldorado

Zip Codes in Eldorado, IL