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These days, finding an affordable place to live in the Elkhart area can be challenging. Home prices in Elkhart are now at a median cost of $308,169, higher than the Iowa average of $226,062.
The average cost of rent is $707/mo in Elkhart, primarily driven by the current value of real estate in the Elkhart area. In Elkhart, 12.43% of households rent, and 23.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkhart is $9,458 per month. Households that rent pay about 7.47% of their income on rent here. Elkhart’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Enterprise, IA: equally priced homes
- Alleman, IA: higher priced homes
- Ankeny, IA: higher priced homes
- Midvale, IA: equally priced homes
- Bondurant, IA: higher priced homes
- Cambridge, IA: less expensive homes
- Maxwell, IA: equally priced homes
- Berwick, IA: less expensive homes
- Huxley, IA: equally priced homes
- Santiago, IA: higher priced homes
Cities with Similar Populations
- Fletcher, OH: less expensive homes
- St. George, GA: less expensive homes
- Snowden, NC: higher priced homes
- Shueyville, IA: higher priced homes
- Santa Anna, TX: less expensive homes
- Grady, AL: less expensive homes
- Gorman, TX: less expensive homes
- Genoa, NE: less expensive homes
- Floyd, TX: higher priced homes
- Stoudertown, OH: higher priced homes
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