There are currently 6,895 real estate properties in El Dorado, AR, with a median automated valuation model (AVM) price of $67,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in El Dorado, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in El Dorado, AR, is $92,100.00, with the most expensive house in El Dorado, AR, topping out at $2,338,700.00 and the cheapest home in El Dorado, AR, clocking in at $12,400.00. In other words, there’s something for every potential homebuyer or savvy investor in El Dorado, AR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in El Dorado, AR, is on a rollercoaster ride. The average rent price in El Dorado, AR, is $878.00. Indeed, when looking to rent in El Dorado, AR, you can expect to pay as little as $420.00 or as much as $2,080.00, with the average rent median estimated to be $780.00. The good news is that finding an affordable and desirable property to rent in El Dorado, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the El Dorado, AR area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in El Dorado, AR and much more. Save thousands at closing with home foreclosure listings in El Dorado, AR — up to 75% off market value!
El Dorado is located in Union, Arkansas, with an estimated municipal population of 17,651 residents. All of the best foreclosed homes for sale in El Dorado are located in the following zip code areas on Foreclosure.com: 71730 71731. The estimated population per square kilometer (.62 miles) in El Dorado is 420.
So, about how much do homes cost in El Dorado? The most recent median value of resident-owned homes in El Dorado is 93,719. An estimated 61.4 percent of households in El Dorado own their homes, with an average family size of 3.17. The median household income in El Dorado is 42,595, with14.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in El Dorado, the median commute time of resident workers (in minutes) is 16.1. And last, but certainly not least, are you looking for homes to rent in El Dorado? If so, the average rent price paid by renters in El Dorado is 680, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to El Dorado, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in El Dorado is 36.4, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in El Dorado is 39.8, with an average family size of 3.17.
The percentage of residents who report their race in El Dorado is as follows:
|Black / African American||47.5%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near El Dorado? Or maybe you are searching for 55+ active adult communities in and/or near El Dorado?
The percentage of residents who report their age in El Dorado is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in El Dorado with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in El Dorado.
How do you know that living in -- or moving to -- El Dorado is right where you need to be? Perhaps you grew up in El Dorado or already live nearby; therefore, the decision to buy a home in El Dorado is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to El Dorado for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in El Dorado:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like El Dorado.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in El Dorado can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in El Dorado, meanwhile, can field multiple offers from more qualified buyers.
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