Total monthly cost of ownership
Cost to Own a Home in Eldorado, Texas
A $97,000 home here costs
$1,041per 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 $44,500 a year.
A standard mortgage calculator would have told you $529. The real number is $512 higher every month, 97% more than the payment most buyers budget for.
Compare Schleicher County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eldorado from a five-year rolling sample, and with about 1,793 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Schleicher County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Eldorado against Schleicher County and Texas
| Measure | Eldorado | Schleicher County |
|---|---|---|
| Median home value | $97,300 | $113,400 |
| Median property tax | $1,500 | $1,621 |
| Effective tax rate | 1.542% | 1.429% |
| Median gross rent | $621 | $627 |
| Population | 1,793 | 2,426 |
The weather behind that power bill
Eldorado sits in Schleicher County, which averages a high of 93.1°F in its hottest month and a low of 32.2°F in its coldest, with 21.9" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,087 cooling and 2,490 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Schleicher County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Schleicher County
No other places of this size are published in Schleicher County.
Full Schleicher County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Eldorado 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 Eldorado every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eldorado I already own here and may sell
Common questions
How much does it cost to own a home in Eldorado?
A $97,000 home in Eldorado, Texas costs approximately $1,041 per month with 20% down at 7.24%. That is $529 principal and interest, $125 property tax, $64 homeowners insurance, $242 utilities and $81 set aside for maintenance.
What is the property tax rate in Eldorado?
Eldorado has an effective property tax rate of 1.542%, based on a median home value of $97,300 and median real estate taxes of $1,500. That is higher than the Schleicher County average of 1.429%.
What is the average home price in Eldorado?
The median owner-occupied home value in Eldorado, Texas is $97,300, against $113,400 across Schleicher County.
Is it cheaper to rent or buy in Eldorado?
Median gross rent in Eldorado is $621 a month, against $1,041 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 Eldorado?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eldorado, Texas at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,041 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eldorado, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Texas.
- 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.