Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$266,459+5.5% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$57,763About 0.8× the local median income ($71,053): affordable for a typical household
Days on market43 daysFaster than a year ago: sellers have the edge
Next 12 months+4.2%Zillow expects prices to rise strongly
The typical home in Elkhart County, IN is worth $266,459, up 5.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $211,893, so the area is 25.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 42% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 4.2% over the next year. A household needs about $57,763 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,053. Typical rent is $1,182 a month, or $1,551 for a house. In the latest IRS figures, 1,221 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$266,459
Change in 1 year
+5.5%
Overvalued %
+25.8%
Show 7 more
Fair home value
$211,893
Change in 5 years
+32.0%
Zillow forecast, next 12 months
+4.2%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,444
Income needed to afford it
$57,763
Property tax rate
0.82%
Rent and investing
Typical rent
$1,182
Typical rent for houses
$1,551
Price-to-rent ratio
18.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,253
Gross rental yield
5.32%
Cap rate (estimate)
3.46%
Market activity
Listings vs a year ago
+42.4%
Days on market
43
Listings with a price cut
25.0%
Show 3 more
Homes for sale
440
Pending sales per 100 listings
40
Asking price per sq ft
$158
People and jobs
Median household income
$71,053
Population change (1 year)
+0.3%
Unemployment rate
3.6%
Show 4 more
Population
208,774
Income adjusted for cost of living
$78,685
Net moves in (IRS)
−1,221
Cost of living (US = 100)
90.3
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
83.7
Unhealthy air days a year
6
Show 4 more
Flood risk score
84.1
Wildfire risk score
32.9
Walkability (1 to 20)
6.8
Road, rail and air noise
52 dB
Questions people ask
Is Elkhart County, IN overvalued?
Home prices in Elkhart County, IN are well above what local incomes have historically supported: fair value is about $211,893, so the area is 25.8% overvalued.
Is Elkhart County, IN a buyer's or seller's market?
Elkhart County, IN is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 42% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Elkhart County, IN?
Home values in Elkhart County, IN are up 5.5% over the last year. Zillow's forecast for the next 12 months is +4.2%.
How much do you need to earn to buy a home in Elkhart County, IN?
A household needs about $57,763 a year to afford the typical home in Elkhart County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,053.