Total monthly cost of ownership
Cost to Own a Home in El Dorado Springs, Missouri
A $84,000 home here costs
$818per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $386 higher every month — 89% 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 Springs against Cedar County and Missouri
| Measure | El Dorado Springs | Cedar County |
|---|---|---|
| Median home value | $83,700 | $162,500 |
| Median property tax | $976 | $953 |
| Effective tax rate | 1.166% | 0.586% |
| Median gross rent | $742 | $783 |
| Population | 3,545 | 14,440 |
The weather behind that power bill
El Dorado Springs sits in Cedar County, which averages a high of 90.0°F in its hottest month and a low of 23.3°F in its coldest, with 44.88" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,632 cooling and 4,324 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Cedar County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cedar County
Common questions
How much does it cost to own a home in El Dorado Springs?
A $84,000 home in El Dorado Springs, Missouri costs approximately $818 per month with 20% down at 6.66%. That is $432 principal and interest, $82 property tax, $44 homeowners insurance, $191 utilities and $70 set aside for maintenance.
What is the property tax rate in El Dorado Springs?
El Dorado Springs has an effective property tax rate of 1.166%, based on a median home value of $83,700 and median real estate taxes of $976. That is higher than the Cedar County average of 0.586%.
What is the average home price in El Dorado Springs?
The median owner-occupied home value in El Dorado Springs, Missouri is $83,700, against $162,500 across Cedar County.
Is it cheaper to rent or buy in El Dorado Springs?
Median gross rent in El Dorado Springs is $742 a month, against $818 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 Springs — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- 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.