The Most Affordable Neighborhoods in El Dorado, AR by Home Value

These days, finding an affordable place to live in the El Dorado area can be challenging. Home prices in El Dorado are now at a median cost of $131,589, lower than the Arkansas average of $207,061.

The average cost of rent is $895/mo in El Dorado, primarily driven by the current value of real estate in the El Dorado area. In El Dorado, 33.42% of households rent, and 53.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in El Dorado is $4,707 per month. Households that rent pay about 19.01% of their income on rent here. El Dorado’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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