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Eldorado

Learn about the people, housing, costs and businesses in Eldorado, Illinois

Median Home$80,674
Median Rent$551/month
Population3,688
Leading IndustriesProfessional Services · Public Administration · Transportation5% professional services
Home Value Growth⬆⬆⬆+33.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners64% of occupied units
NotableAffordable Market$81k median home · lower cost than 97% of the country
Eldorado
IL

Frequently Asked Questions

What are today's mortgage rates in Eldorado?

As of today, the 30-year fixed mortgage rate for Eldorado is approximately 7.602% (7.625% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Eldorado?

The median home value in Eldorado is $81k. The median monthly rent is $551. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eldorado?

Home values in Eldorado have increased 33.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Eldorado?

Based on a typical all-in ownership cost of $610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eldorado is $46k/year.

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What industries drive the economy in Eldorado?

The largest employment sectors in Eldorado are public administration (36%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.