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Eldorado

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

Median Home$256,600
Population54
Leading IndustriesConstruction · Agriculture & Mining · Retail8% construction
Home Value Growth+7.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Eldorado
MD

Frequently Asked Questions

What are today's mortgage rates in Eldorado?

As of today, the 30-year fixed mortgage rate for Eldorado is approximately 6.994% (7.034% 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 $257k. Annual property taxes average $2k. 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 7.1% over the past two years. This represents moderate growth. 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 $1,084/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eldorado is $86k/year.

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What industries drive the economy in Eldorado?

The largest employment sectors in Eldorado are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.