Cost of Living,
Wakarusa's Real Estate Market
Elkhart-Goshen Metro Area
Profile: Small-manufacturing-town complex Location: Extreme northern Indiana at Michigan border, 15 miles east of South Bend Elevation: 700 Time zone: Eastern Standard Time
|Small-town atmosphere||Harsh winters|
|Cost of housing||Economic cycles|
|Nearby college town||Low educational attainment|
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Elkhart, a small industrial town, has a diversified manufacturing base. A typical small Midwestern town, Goshen, to the southeast, has an agricultural base, an extension of some Elkhart manufacturing, and Goshen College. The industrial base has some unique components. Elkhart is the U.S. center for the manufacture of recreational vehicles, marching band and other musical instruments, and firefighting equipment.
Among other areas with this profile, Elkhart and Goshen have a better-than-average set of museums. There is also a large Amish and Mennonite community east of Goshen. Even with the economic diversity, the area is vulnerable to economic cycles, particularly in the RV industry, which is also prevalent. The area is close enough to South Bend to share many of its amenities and services. Cost of living and housing cost profiles are very low; homes are affordable and quality is high. Locally, educational attainment and future job growth projections are low.
Most of the area is a level glacial plain with mixed agriculture and wooded areas. Downwind Lake-Michigan effects govern weather in all seasons. Summers are warm and humid but subject to cooling lake breezes. The lake moderates temperatures somewhat but creates high humidity, frequent cloudiness, and heavy winter snows. First freeze is early October, last is early May.
Interesting Facts about Wakarusa (zip 46573), Indiana
As of 2014, Wakarusa (zip 46573)'s population is 3,518 people. Since 2000, it has had a population growth of 4.67 percent.--------------------
The median home cost in Wakarusa (zip 46573) is $144,900. Home appreciation the last year has been 1.20 percent.--------------------
Compared to the rest of the country, Wakarusa (zip 46573)'s cost of living is 8.00% Lower than the U.S. average.--------------------
Wakarusa (zip 46573) public schools spend $10,992 per student. The average school expenditure in the U.S. is $12,435. There are about 20.5 students per teacher in Wakarusa (zip 46573).--------------------
The unemployment rate in Wakarusa (zip 46573) is 5.00 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Wakarusa (zip 46573) jobs have Increased by 4.44 percent.
Ranked #56 Best Green Cities
Ranked #61 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #91 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #272 2005 Best Places to Live
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Average Commute time is 20 minutes. The National Average is 25 minutes.--------------------
Wakarusa (zip 46573)'s Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes
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