Elkhart, IN housing market
Typical home value
$230K
▲ 6.1% 1 yr
Typical rent
$1,185/mo
▲ 5.7% 1 yr
Gross rent yield
6.2%
U.S. 6.3%
5-year home value change
+34%
U.S. +20%
Key takeaways
- 1The typical home in Elkhart is worth $229,980, up 6.1% over the past year and up 34% over five years.
- 2Typical rent is $1,185 a month (+5.7% YoY), a gross rent yield of 6.2% (above the Elkhart, IN metro's 5.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,264/mo, $79 more than typical rent.
- 4Zillow forecasts the Elkhart, IN metro's home values to change +4.2% over the next 12 months.
Market temperature (Elkhart, IN metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #207 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Elkhart compares
| Measure | Elkhart | Elkhart, IN metro | United States |
|---|---|---|---|
| Typical home value | $229,980 | $266,456 | $366,157 |
| Home value, 1-yr change | +6.1% | +5.5% | +1.2% |
| Typical rent | $1,185 | $1,182 | $1,932 |
| Rent, 1-yr change | +5.7% | +4.3% | +2.7% |
| Gross rent yield | 6.2% | 5.3% | 6.3% |
| Price-to-rent ratio | 16.2 | 18.8 | 15.8 |
| Mortgage P&I, typical home | $1,264 | $1,464 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Elkhart rental, pre-filled.
Rent vs buy in Elkhart
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $230K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.