Total monthly cost of ownership
Cost to Own a Home in El Dorado, Kansas
A $114,000 home here costs
$1,140per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $554 higher every month — 95% 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 Butler County and Kansas
| Measure | El Dorado | Butler County |
|---|---|---|
| Median home value | $113,800 | $199,600 |
| Median property tax | $2,259 | $2,918 |
| Effective tax rate | 1.985% | 1.462% |
| Median gross rent | $877 | $984 |
| Population | 12,882 | 67,916 |
The weather behind that power bill
El Dorado sits in Butler County, which averages a high of 91.3°F in its hottest month and a low of 20.2°F in its coldest, with 38.67" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,575 cooling and 4,620 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Butler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
Common questions
How much does it cost to own a home in El Dorado?
A $114,000 home in El Dorado, Kansas costs approximately $1,140 per month with 20% down at 6.66%. That is $586 principal and interest, $189 property tax, $66 homeowners insurance, $204 utilities and $95 set aside for maintenance.
What is the property tax rate in El Dorado?
El Dorado has an effective property tax rate of 1.985%, based on a median home value of $113,800 and median real estate taxes of $2,259. That is higher than the Butler County average of 1.462%.
What is the average home price in El Dorado?
The median owner-occupied home value in El Dorado, Kansas is $113,800, against $199,600 across Butler County.
Is it cheaper to rent or buy in El Dorado?
Median gross rent in El Dorado is $877 a month, against $1,140 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 Kansas.
- 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.