El Dorado, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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El Dorado, KS 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 a population of 12,931, 5,093 total housing units (homes and apartments), and a median house value of $88,028, 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 78.65% of the city's housing units. Other types of housing that are prevalent in El Dorado include large apartment complexes or high rise apartments ( 8.98%), duplexes, homes converted to apartments or other small apartment buildings ( 6.93%), and a few mobile homes or trailers ( 3.18%).

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 55.61% owning and 44.39% 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 43.62% of the city's housing hails from this era. Other housing ages represented in El Dorado include homes built before 1939 ( 25.16%) and housing constructed between 1970-1999 ( 23.63%). There's also some housing in El Dorado built between 2000 and later ( 7.59%).

Vacant housing appears to be an issue in El Dorado. Fully 11.52% 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

Appreciation rates for homes in El Dorado have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.37%, which ranks in the top 40% nationwide. This equates to an annual average El Dorado house appreciation rate of 0.62%.

Over the last year, El Dorado appreciation rates have trailed the rest of the nation. In the last twelve months, El Dorado's appreciation rate has been 0.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in El Dorado were at -2.05%, which equates to an annual appreciation rate of -7.96%.

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

Relative to Kansas, our data show that El Dorado's latest annual appreciation rate is lower than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$88,028

El Dorado, KS HOME PRICES

Value Range
> $1,048,000 0.6
$786,001 - $1,048,000 0.0
$524,001 - $786,000 0.5
$419,001 - $524,000 0.3
$314,001 - $419,000 0.7
$210,001 - $314,000 6.2
$105,001 - $210,000 33.1
$52,001 - $105,000 46.2
$0 - $52,000 12.3

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
85.4388843314192 65.6028368794326

Number Of Homes And Apartments:
5,093

El Dorado Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
17.55% 0.94% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$800 / per month

Homeownership Rate

Homeownership
Owners 55.61
Renters 44.39
Vacant 11.52

Housing Market Details

 

Age of Homes

AGE OF El Dorado HOMES
2000 or Newer 7.6
1970 - 1999 23.6
1940 - 1969 43.6
1939 or Older 25.2

Types of Homes

TYPE OF El Dorado HOMES
Single-Family 78.6
Townhomes 2.1
Small Apt. Buildings 6.9
Apt. Complexes 9.0
Mobile Homes 3.2
Other 0.2

Home Size

SIZE OF El Dorado HOMES
No Bedroom 0.42
1 Bedroom 11.34
2 Bedrooms 31.36
3 Bedrooms 39.02
4 Bedrooms 12.39
5 or more bedrooms 5.47

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Zip Codes in El Dorado, KS