Total monthly cost of ownership
Cost to Own a Home in El Dorado, Kansas
A $114,000 home here costs
$1,175per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $50,500 a year.
A standard mortgage calculator would have told you $622. The real number is $554 higher every month, 89% more than the payment most buyers budget for.
Compare Butler County with anywhere in America · full county breakdown
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
Talk to someone who works this market
These are El Dorado averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works El Dorado every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in El Dorado I already own here and may sell
Common questions
How much does it cost to own a home in El Dorado?
A $114,000 home in El Dorado, Kansas costs approximately $1,175 per month with 20% down at 7.24%. That is $622 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 $1,175 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in El Dorado?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in El Dorado, Kansas at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,175 monthly cost, not just the mortgage payment.
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.