The housing market in the Elkhart-Goshen, IN Metro Area is thriving. The median value of homes in this area is $215,500, which is significantly lower than the US national median value of $338,100. The appreciation rate over the last year for homes in Elkhart-Goshen has been 13.55%, which is higher than the US average of 8.27%. This high appreciation rate shows that housing in this area is becoming increasingly desirable and could be a great opportunity for those looking to invest in real estate or purchase a home.
The median home cost in Elkhart-Goshen Metro Area is $215,500. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Elkhart-Goshen Metro Area is up 16.4%.
Average Age of Homes
- The median age of Elkhart-Goshen Metro Area real estate is 41 years old
The Rental Market in Elkhart-Goshen Metro Area
- Renters make up 26.9% of the Elkhart-Goshen Metro Area population
- 2.7% of houses and apartments in Elkhart-Goshen Metro Area, 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.