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El Dorado County, CA

RANK #699 / 996  ·  POP 191,713  ·  CA

PROJECTED GROWTH: +0.0%

El Dorado County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why El Dorado County?

El Dorado County, Spanish for "The Golden One," is renowned as the heart of California's Gold Rush country, with Placerville serving as its historic county seat. Located in east-central California, about 45 miles northeast of Sacramento, the county spans rolling foothills to the Sierra Nevada mountains, including a portion of Lake Tahoe. This diverse landscape offers year-round outdoor recreation, from whitewater rafting on the American River to hiking and mountain biking on trails like the Jenkinson Lake Loop and the Rubicon Trail. Skiing and snowboarding are popular in the winter months near Lake Tahoe. Commute options to Sacramento are available via public transit, including commuter bus routes with park-and-ride locations.

Life in El Dorado County often appeals to families and those seeking a balance between natural amenities and community living. The county's public schools are highly rated, with approximately 70% scoring in the top thirty percent of California schools. The economy is experiencing growth, with significant investment in residential and commercial sectors. This includes new housing developments and expanded retail options. The region also has a growing wine and agricultural scene, with over 70 wineries.

[02] Market Snapshot

Housing Ratio
12.7x

Overvalued relative to economy

GDP Growth
+1.2%

Well below national median

Home Prices
-1.3%

Prices declining

Climate & Terrain
6.1

Favorable climate & terrain

Price/Rent
20x

Prices detached from rents

Housing looks overvalued at 12.7x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

El Dorado County U.S. National

The Numbers

DEMOGRAPHICS
Population
191,713
+0.6% YoY
Median Household Income
$99,246
Median Home Value
$597,600
-1.3% 12mo
Median Rent
$1,597
Average Annual Pay
$66,226
+3.2% YoY
Employment
58,585
+1.0% YoY
Income-to-Home-Value
0.1661
Less affordable than average
Migration Inflow
5.62%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$710,000
Days on Market
74
Slower market
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
18.2%
Listings w/ Price Drops
19.8%
Building Permits (2024)
437
Single-Family Permits
435

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,680M
TOTAL
PROJECT AMOUNT STATUS
Village of Marble Valley Specific Plan
El Dorado County
$1,000M Proposed
Bass Lake Hills Development
Undisclosed
$700M Under Construction
Lime Rock Valley Specific Plan
El Dorado County
$400M Proposed
Creekside Village
Undisclosed
$380M Approved
Gateway El Dorado Specific Plan
El Dorado County
$150M Proposed
El Dorado PV BESS (Battery Storage Facility with Solar Charging)
Undisclosed
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.2% 21 percentile
Population Growth +0.6% 57 percentile
Income Growth +11.8% 95 percentile
Vacancy Rate 1.0% 54 percentile
Home Price Change -1.3% 19 percentile
Rent Growth +2.9% 47 percentile
Price/Rent 20x 7 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is El Dorado County, CA a good place to move to?

El Dorado County has a Boom Town Index score of 30/100, ranking #699 among 996 U.S. counties. With job growth at +1.0% and a median household income of $99,246, it faces some economic headwinds compared to faster-growing counties.

Is El Dorado County affordable?

The median home value in El Dorado County is $597,600 with median rent at $1,597/month. The income-to-home-value ratio is 0.1661, which is less affordable than the national average.

Is El Dorado County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +1.0%. Home values changed -1.3% in the past 12 months.

Are people moving to El Dorado County?

Yes — 5.62% of El Dorado County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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