Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$266,456+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$57,762About 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-Goshen, IN is worth $266,456, up 5.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $211,874, 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 43% 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 $57,762 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
$266,456
Change in 1 year
+5.5%
Overvalued %
+25.8%
Show 7 more
Fair home value
$211,874
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
$57,762
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
+42.7%
Days on market
43
Listings with a price cut
25.4%
Show 3 more
Homes for sale
441
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-Goshen, IN overvalued?
Home prices in Elkhart-Goshen, IN are well above what local incomes have historically supported: fair value is about $211,874, so the area is 25.8% overvalued.
Is Elkhart-Goshen, IN a buyer's or seller's market?
Elkhart-Goshen, IN is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 43% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Elkhart-Goshen, IN?
Home values in Elkhart-Goshen, 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-Goshen, IN?
A household needs about $57,762 a year to afford the typical home in Elkhart-Goshen, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,053.