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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 $163,528, lower than the Illinois average of $300,242.
The average cost of rent is $785/mo in Elkhart, primarily driven by the current value of real estate in the Elkhart area. In Elkhart, 21.30% of households rent, and 49.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkhart is $7,949 per month. Households that rent pay about 9.88% of their income on rent here. Elkhart’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Broadwell, IL: equally priced homes
- Lincoln, IL: less expensive homes
- Middletown, IL: less expensive homes
- Mount Pulaski, IL: less expensive homes
- Lake Fork, IL: less expensive homes
- Lawndale, IL: equally priced homes
- New Holland, IL: less expensive homes
- Beason, IL: less expensive homes
- Hartsburg, IL: less expensive homes
- Chestnut, IL: less expensive homes
Cities with Similar Populations
- Jacksons' Gap, AL: higher priced homes
- Linden, TN: equally priced homes
- Eastham, MA: higher priced homes
- Elkhorn City, KY: less expensive homes
- Ellsworth, KS: less expensive homes
- Runaway Bay, TX: higher priced homes
- Fredericksburg, PA: higher priced homes
- Yountville, CA: higher priced homes
- Mulino, OR: higher priced homes
- Merton, WI: higher priced homes
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