El Dorado, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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El Dorado, KS Real Estate Data


El Dorado Housing Market Information

With 12,931 people, 5,005 houses or apartments, and a median cost of homes of $104,044, 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 82.59% of the city's housing units. Other types of housing that are prevalent in El Dorado include large apartment complexes or high rise apartments ( 7.53%), duplexes, homes converted to apartments or other small apartment buildings ( 5.81%), and a few mobile homes or trailers ( 2.52%).

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 56.39% owning and 43.61% 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 44.09% of the city's housing hails from this era. Other housing ages represented in El Dorado include homes built before 1939 ( 27.35%) and housing constructed between 1970-1999 ( 22.62%). There's also some housing in El Dorado built between 2000 and later ( 5.95%).

Vacant housing appears to be an issue in El Dorado. Fully 11.91% 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 9.58%, which ranks in the top 40% nationwide. This equates to an annual average El Dorado house appreciation rate of 0.92%.

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 4.01%, 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 3.02%, which equates to an annual appreciation rate of 12.66%.

Importantly, this makes El Dorado one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kansas, our data show that El Dorado's latest annual appreciation rate is lower than 90% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$104,044

El Dorado, KS HOME PRICES

Value Range
> $1,080,000 0.8
$810,001 - $1,080,000 0.1
$540,001 - $810,000 0.3
$432,001 - $540,000 0.0
$324,001 - $432,000 0.5
$216,001 - $324,000 6.1
$108,001 - $216,000 32.3
$54,001 - $108,000 45.9
$0 - $54,000 14.1

Average for KS
Low for Nation

Value Relative to Nation Value Relative to State
76.2487556362359 52.8368794326241

Number Of Homes And Apartments:
5,005

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 56.39
Renters 43.61
Vacant 11.91

Housing Market Details

 

Age of Homes

AGE OF El Dorado HOMES
2000 or Newer 5.9
1970 - 1999 22.6
1940 - 1969 44.1
1939 or Older 27.3

Types of Homes

TYPE OF El Dorado HOMES
Single-Family 82.6
Townhomes 1.4
Small Apt. Buildings 5.8
Apt. Complexes 7.5
Mobile Homes 2.5
Other 0.2

Home Size

SIZE OF El Dorado HOMES
No Bedroom 0.39
1 Bedroom 9.49
2 Bedrooms 33.30
3 Bedrooms 38.72
4 Bedrooms 13.41
5 or more bedrooms 4.70

El Dorado Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
20.46% 1.10% 1 2
* 10 is highest

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Zip Codes in El Dorado, KS