Eldora, IA50627

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$124,000
0.6% YoY Growth
Median Household Income
$71,400
34.5% 5-Year Growth
Days on Market
66
8.0% Shorter than last year
Home Price Forecast
N/A
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Eldora, IA

As of Oct '25, Realtor.com reports that the median days on market for a home in Eldora, IA is 66. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$149,00054.0%
Listing Count
23-1.0%
Listings as % of Homes0.4%-1.0%
Days on Market
66-8.0%
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Demographics — Eldora, IA

As of the latest ACS Survey released in 2023, Eldora, IA has a population of 3,430, which has increased by 8.1% over the past 5 years. Eldora, IA is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.

MetricLatest CensusYoY % Change
Population
3,4308.1%
% Under 18
19.8%-12.0%
% Seniors
20.1%-4.7%
% WFH
3.5%-31.4%
% w/ College Degree
19.3%-3.5%
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As of the latest ACS Survey released in 2023, Eldora, IA is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Eldora, IA is asian, making up 2.5% of the population. Foreign-born residents account for 2.6% of the population in Eldora, IA, and this percentage has decreased by 29.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
88.5%-0.6%
% Black
1.8%-35.7%
% Hispanic
1.3%-7.1%
% Asian
2.5%13.6%
% Foreign Born
2.6%-29.7%
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Mortgage and Risk — Eldora, IA

According to HUD data as of 2023, there were 45 mortgage originations in Eldora, IA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Eldora, IA. Investor activity is low, as 13.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
45
% Conventional Loans
71.0%
% Government Loans
29.0%
% Investor Loans
13.0%
% Second Loans
0.0%
% Cash Out Refinance
7.0%

Loan Activity

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Rentals and Section 8 — Eldora, IA

Eldora, IA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
6
Total Units Section 8
6
% Rentals under Section 8
1.9%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$680
2 BedroomN/AN/A$890
3 BedroomN/AN/A$1,180
4 BedroomN/AN/A$1,450

Affordability — Eldora, IA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio1.6
Median Home Price$124,000
Median Household Income$71,400

Eldora, IA — ZIP Code Boundary Map

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Frequently Asked Questions