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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 $639,122, lower than the California average of $812,006.
The average cost of rent is $2,339/mo in El Dorado, primarily driven by the current value of real estate in the El Dorado area. In El Dorado, 16.21% of households rent, and 37.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in El Dorado is $9,003 per month. Households that rent pay about 25.98% of their income on rent here. El Dorado’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Diamond Springs, CA: less expensive homes
- Nashville, CA: equally priced homes
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- Shingle Springs, CA: higher priced homes
- Cold Springs, CA: higher priced homes
- Cameron Park, CA: equally priced homes
- Rescue, CA: higher priced homes
- River Pines, CA: less expensive homes
- Somerset, CA: less expensive homes
Cities with Similar Populations
- Salemburg, NC: less expensive homes
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- Nehalem, OR: less expensive homes
- New Johnsonville, TN: less expensive homes
- Odum, GA: less expensive homes
- Onamia, MN: less expensive homes
- Pangburn, AR: less expensive homes
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