Mortgage Rates in El Dorado, Arkansas — March 2026
Updated March 2026 | Based on El Dorado market data and regional lending conditions
El Dorado is a growing city in Arkansas with a population of 17,737. The current 30-year fixed mortgage rate in El Dorado is 6.74%, which is 0.09% above the national average. With a median home price of $157,000 and a 20% down payment of $31,400, homebuyers can expect a monthly principal and interest payment of approximately $814.
Current Mortgage Rates in El Dorado, AR
Below are the current average mortgage rates available in the El Dorado area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
El Dorado Housing Market Overview
The El Dorado housing market offers relatively affordable housing compared to many major cities. The median household income in El Dorado is $44,800, and the cost of living index is 78.1 (national average = 100). Based on the 28% affordability rule, the median income in El Dorado is sufficient to afford the median-priced home.
Monthly Payment Breakdown for El Dorado
Based on the median home price of $157,000 with 20% down ($31,400), here is what you can expect to pay monthly in El Dorado:
15-Year vs. 30-Year Mortgage in El Dorado
Choosing a 15-year mortgage in El Dorado at 5.98% instead of a 30-year at 6.74% would save you $102,420 in total interest over the life of the loan. However, your monthly payment would be $1,059 instead of $814 — an increase of $245 per month.
Calculate Your El Dorado Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in El Dorado
What are the current mortgage rates in El Dorado, AR?
As of March 2026, the average 30-year fixed mortgage rate in El Dorado, Arkansas is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in El Dorado?
Based on the median home price of $157,000 with 20% down, the estimated monthly mortgage payment in El Dorado is $814 for principal and interest. Including property taxes of $85/month, the total monthly housing cost is approximately $899.
What income do I need to buy a home in El Dorado?
Using the 28% rule, you would need an annual income of approximately $38,529 to afford the median-priced home in El Dorado at $157,000. The median household income in El Dorado is $44,800. The median income is currently sufficient to meet this threshold.
Is El Dorado a good place to buy a home in 2026?
El Dorado offers a below-average cost of living with a cost of living index of 78.1 (national average = 100). The property tax rate in Arkansas is 0.65%, which is below the national average. El Dorado has a population of 17,737 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the El Dorado, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.