Elkhart, Indiana has a median housing value of $183,200. This is significantly lower than the national median housing value of $338,100, however it has shown significant appreciation in the past year with an appreciation rate of 13.05%, which is higher than the national average of 8.27%. This indicates that Elkhart’s housing market is currently booming and could be a great investment opportunity for those looking to buy or invest in the area.
The median home cost in Elkhart is $183,200. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Elkhart is up 16.4%.
Average Age of Homes
- The median age of Elkhart real estate is 53 years old
The Rental Market in Elkhart
- Renters make up 41.0% of the Elkhart population
- 4.7% of houses and apartments in Elkhart, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.