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These days, finding an affordable place to live in the Eldorado area can be challenging. Home prices in Eldorado are now at a median cost of $127,777, lower than the Illinois average of $300,242.
The average cost of rent is $735/mo in Eldorado, primarily driven by the current value of real estate in the Eldorado area. In Eldorado, 30.64% of households rent, and 66.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Eldorado is $4,628 per month. Households that rent pay about 15.88% of their income on rent here. Eldorado’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wasson, IL: less expensive homes
- Texas City, IL: equally priced homes
- Raleigh, IL: higher priced homes
- Muddy, IL: less expensive homes
- Horseshoe, IL: higher priced homes
- Garden Heights, IL: less expensive homes
- Broughton, IL: higher priced homes
- Equality, IL: less expensive homes
- Long Branch, IL: higher priced homes
- Harrisburg, IL: less expensive homes
Cities with Similar Populations
- Shrewsbury, PA: higher priced homes
- White Pine, TN: higher priced homes
- Chatham, VA: higher priced homes
- Blackwell, OK: less expensive homes
- Woodbine, NJ: higher priced homes
- Archbald, PA: higher priced homes
- Winnebago, IL: higher priced homes
- Snow Camp, NC: higher priced homes
- Windsor, NC: equally priced homes
- Alva, OK: higher priced homes
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