Elkhart County, Indiana Housing Market Prices
Elkhart County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 7% above the Indiana median$152,902
-
Median rent 1% below the Indiana median More expensive than 85% of counties in Indiana$1,047
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elkhart County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,902 | $142,738 | $248,835 |
| Price Trend (Annual %) | 9.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,047 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elkhart County is about 7% higher than in Indiana. Rent is about 1% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Elkhart County, up about 9.8% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Elkhart County rose about 45.8% between 2015 and 2024, from $718 to $1,047. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Elkhart County.
Buying the median-priced home in Elkhart County costs roughly 12.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Elkhart County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Elkhart County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,902 | $142,738 | $248,835 |
| Median Household Income | $69,750 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elkhart County rose about 101.4%, while median household income rose about 43.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Elkhart County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 64.4% | 58.5% |
| Rental Rate | 25.5% | 26.9% | 31.2% |
| Vacancy Rate | 10.2% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Elkhart County has a homeownership rate of 64.3%, about the same as the Indiana average of 64.4%. Its housing vacancy rate is 10.2%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Elkhart County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Elkhart County was built around 1976. On average, 2.8 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Elkhart County, IN Housing Compared With Nearby Counties
Elkhart County, IN is the 2nd largest of the 6 counties compared here, 207,132 residents against a local median of 60,969. Elkhart County, IN's median home price, at $152,902, runs 26% above the $121,830 typical of the counties around it.
The counties themselves spread $51,332 on median home price, so Elkhart County, IN sits at one end of an already wide local range rather than apart from it. Elkhart County, IN has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elkhart County, IN | 207,132 | $152,902 #2/6 | $1,047 #2/6 | 71.6% #5/6 |
| Cass County, MI | 51,520 | $113,846 | $916 | 81.6% |
| Kosciusko County, IN | 80,442 | $130,500 | $1,043 | 77.0% |
| St. Joseph County, IN | 273,015 | $121,815 | $1,062 | 69.0% |
| LaGrange County, IN | 40,805 | $121,830 | $838 | 83.0% |
| St. Joseph County, MI | 60,969 | $165,178 | $849 | 76.1% |
Frequently Asked Questions
Common questions about the housing market in Elkhart County, Indiana.
What is the median home price in Elkhart County, Indiana?
The median home price in Elkhart County, Indiana is $152,902, higher than the Indiana average of $142,738.
What is the average home price in Elkhart County, Indiana?
The typical home price in Elkhart County, Indiana, reported as the median sale price, is $152,902. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Elkhart County, Indiana?
The median gross rent in Elkhart County, Indiana is $1,047 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Elkhart County in 2020?
In 2020, the median gross rent in Elkhart County, Indiana was $820 per month.
What is the price-to-rent ratio in Elkhart County, Indiana?
The price-to-rent ratio in Elkhart County, Indiana is about 12.2, meaning it would take roughly 12.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Elkhart County.
Are home prices or rent rising faster in Elkhart County, Indiana?
Both home prices and rent are rising in Elkhart County, up about 9.8% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elkhart County, Indiana?
64.3% of households in Elkhart County, Indiana own their home, about the same as the Indiana average.
What is the vacancy rate in Elkhart County, Indiana?
The housing vacancy rate in Elkhart County, Indiana is 10.2%, higher than the Indiana average of 8.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →