Fair market value
Ford Explorer prices
Current fair market values by model year, with depreciation and cost-to-own estimates.
Newest model year fair price
$45,988
Mileage-adjusted from live market listings
Avg. depreciation / yr
12.4%
5-yr cost to own
$31,251
Pricing by model year
| Model year | Fair price | MSRP | |
|---|---|---|---|
| 2026 | $45,988 | $47,020 | View 2026 pricing → |
| 2025 | $41,804 | $42,050 | View 2025 pricing → |
| 2024 | $35,356 | $40,670 | View 2024 pricing → |
| 2023 | $32,877 | $38,570 | View 2023 pricing → |
| 2022 | $29,295 | $40,320 | View 2022 pricing → |
| 2021 | $25,355 | $34,925 | View 2021 pricing → |
| 2020 | $22,850 | $32,765 | View 2020 pricing → |
| 2019 | $18,776 | $33,655 | View 2019 pricing → |
| 2018 | $15,789 | $32,320 | View 2018 pricing → |
| 2017 | $14,149 | $31,995 | View 2017 pricing → |
| 2016 | $12,694 | $31,175 | View 2016 pricing → |
Market demand
The Ford Explorer has about 68 days of national market supply — a buyer-leaning market with more room to negotiate. See each model year for the negotiating-leverage read.
Depreciation
The Ford Explorer depreciates about 12.4% per year. See the full depreciation curve →
Cost to own (5 years)
Estimated 5-year depreciation + fuel of about $31,251 (insurance, maintenance, and repairs excluded). See the breakdown →
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Prices are computed from live market listings, adjusted for mileage · updated 8/2/2026. Estimates only; your price depends on condition, options, and location.