Elkhart, Iowa is an excellent place to invest in housing. The median value of a house in Elkhart is currently $290,500 and the US median is at $338,100. Additionally, over the past year, the appreciation rate of houses in Elkhart has been 12.55%, which is higher than the national rate of 8.27%. This indicates that investing in housing in Elkhart can be a great way to build wealth over time as well as enjoy a great living experience.
The median home cost in Elkhart is $290,500. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Elkhart is up 11.4%.
Average Age of Homes
- The median age of Elkhart real estate is 35 years old
The Rental Market in Elkhart
- Renters make up 26.5% of the Elkhart population
- 1.7% 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.