Total monthly cost of ownership
Cost to Own a Home in El Dorado, Arkansas
A $113,000 home here costs
$1,012per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $431 higher every month — 74% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
El Dorado against Union County and Arkansas
| Measure | El Dorado | Union County |
|---|---|---|
| Median home value | $113,100 | $114,700 |
| Median property tax | $670 | $661 |
| Effective tax rate | 0.592% | 0.576% |
| Median gross rent | $845 | $825 |
| Population | 17,382 | 38,368 |
The weather behind that power bill
El Dorado sits in Union County, which averages a high of 93.6°F in its hottest month and a low of 33.6°F in its coldest, with 52.12" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,283 cooling and 2,558 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Union County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Union County
Common questions
How much does it cost to own a home in El Dorado?
A $113,000 home in El Dorado, Arkansas costs approximately $1,012 per month with 20% down at 6.66%. That is $581 principal and interest, $56 property tax, $84 homeowners insurance, $197 utilities and $94 set aside for maintenance.
What is the property tax rate in El Dorado?
El Dorado has an effective property tax rate of 0.592%, based on a median home value of $113,100 and median real estate taxes of $670. That is higher than the Union County average of 0.576%.
What is the average home price in El Dorado?
The median owner-occupied home value in El Dorado, Arkansas is $113,100, against $114,700 across Union County.
Is it cheaper to rent or buy in El Dorado?
Median gross rent in El Dorado is $845 a month, against $1,012 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for El Dorado — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Arkansas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.