Market Overview
Home Prices in Eldorado, IL
The median home value in Eldorado, IL is $67,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 12.2% compared to a year ago and down 13.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eldorado are priced84% below average.
Over the past five years, Eldorado home values have fallen by approximately13.4%, reflecting softening conditions in this market.
Price History
Eldorado Home Price Trend
2020
$79,354
$79K
—
2021
$77,691
$78K
-2.1%
2022
$80,415
$80K
+3.5%
2023
$85,211
$85K
+6.0%
2024
$88,118
$88K
+3.4%
2025
$76,589
$77K
-13.1%
2026
$67,259
$67K
-12.2%
City Comparison
Eldorado vs. National Median
🏠 Eldorado
$67,259
National Median
$410,000
At $67,259, homes in Eldorado cost 84% below the national median of $410,000. This makes Eldorado a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eldorado?
20% Down Payment
$13,452
on $67,259
Monthly P&I
$351/mo
30-yr @ 6.8%
Total Monthly Est.
~$446/mo
incl. taxes & insurance
Income Needed
$17,840
gross annual (30% rule)
10% Down Option
$6,726
+ PMI applies
Loan Amount (20% dn)
$53,807
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Eldorado, IL?
The median home value in Eldorado is $67,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 12.2% year-over-year.
How much have home prices changed in Eldorado?
Over the past year, home values in Eldorado have decreased by 12.2%. Over five years, prices have fallen approximately 13.4%.
How much do I need to earn to buy a home in Eldorado?
To comfortably afford the median home price of $67,259 with a 20% down payment ($13,452) at today's rates (6.8%), you'd need a gross annual income of approximately $17,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Eldorado compare to the national average home price?
The national median home value is approximately $410,000. At $67,259, homes in Eldorado are 84% below the national average.