Fair market value
Ford Explorer prices by model year
Start with the 2026 market price, then compare earlier model years.
2026 fair price
$46,249
Mileage-adjusted from live market listings
Avg. depreciation / yr
12.1%
5-yr cost to own
$30,924
Pricing by model year
| Model year | Fair price | MSRP | |
|---|---|---|---|
| 2026 | $46,249 | $47,155 | View 2026 pricing → |
| 2025 | $40,953 | $42,050 | View 2025 pricing → |
| 2024 | $35,002 | $40,670 | View 2024 pricing → |
| 2023 | $31,925 | $40,570 | View 2023 pricing → |
| 2022 | $29,744 | $37,510 | View 2022 pricing → |
| 2021 | $25,996 | $34,000 | View 2021 pricing → |
| 2020 | $23,158 | $32,765 | View 2020 pricing → |
| 2019 | $18,798 | $33,655 | View 2019 pricing → |
| 2018 | $16,597 | $32,140 | View 2018 pricing → |
| 2017 | $14,193 | $31,995 | View 2017 pricing → |
| 2016 | $12,586 | $31,050 | View 2016 pricing → |
Market demand
The Ford Explorer has about 65 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 12.1% per year. See the full depreciation curve →
Cost to own (5 years)
Estimated 5-year depreciation + fuel of about $30,924 (insurance, maintenance, and repairs excluded). See the breakdown →
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Prices are computed from live market listings, adjusted for mileage · updated 9/15/2026. Estimates only; your price depends on condition, options, and location.