Elkhart, IN Housing Market
AI-powered market intelligence for the Elkhart-Goshen, IN metro area.
PropertyIQ Scores
Elkhart, IN Market Analysis
Market Overview
Elkhart’s PropertyIQ Score of 77 out of 100 places the local housing market in a generally strong position, though with signs of moderation. The score is supported by a 12-month home value momentum reading of 9.22%, a median days on market of 39 days, and a 21.4% share of listings with a price cut. However, the 3-month home value momentum of 0.32% is much lower than the 12-month figure, suggesting that recent price movement has cooled even as the longer-run trend remains positive.
Compared with state benchmarks, Elkhart presents a mixed picture. The median home value of $268,109 is above the state average of $260,808, and the rent index of $1,134 is also above the state average of $1,020. Unemployment matches the state at 3.3%. At the same time, the median household income of $65,617 sits below the state average of $70,051, which creates affordability pressure. Population growth data is not available in the provided metrics, so demographic momentum cannot be assessed directly.
With 309 homes for sale and a median days on market of 39, the market is active but not overheated. A price-cut share of 21.4% means more than one in five listings has
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Elkhart, IN Housing Market Overview
The Elkhart, IN metropolitan area represents a distinct segment of IN's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets.
Each month, PropertyIQ updates its score for Elkhart, IN using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.
Use PropertyIQ's interactive analytics to compare Elkhart, IN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Elkhart, IN metro area
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Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.