Elkhart, IA—50073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkhart, IA
As of Oct '25, the median home price in Elkhart, IA is $314,000, with a year-over-year change of 0.3%. This indicates that home prices in Elkhart, IA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 0.3% |
| Single Family | $314,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 0.7% |
3 Bed | $303,000 | 1.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkhart, IA
Elkhart, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elkhart, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkhart, IA is 37. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | 29.0% |
Listing Count | 15 | 100.0% |
| Listings as % of Homes | 2.3% | 100.0% |
Days on Market | 37 | 31.0% |
Demographics — Elkhart, IA
As of the latest ACS Survey released in 2023, Elkhart, IA has a population of 1,020, which has decreased by -10.9% over the past 5 years. Elkhart, IA is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,020 | -10.9% |
% Under 18 | 17.5% | -28.9% |
% Seniors | 18.8% | 89.9% |
% WFH | 19.6% | 192.5% |
% w/ College Degree | 38.4% | 102.1% |
As of the latest ACS Survey released in 2023, Elkhart, IA is a predominantly white area, with 94.7% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Elkhart, IA is black, making up 2.2% of the population. Foreign-born residents account for 1.3% of the population in Elkhart, IA, and this percentage has increased by 333.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.7% | 0.9% |
% Black | 2.2% | 100.0% |
% Hispanic | 1.2% | -68.4% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 1.3% | 333.3% |
Mortgage and Risk — Elkhart, IA
Elkhart, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Elkhart, IA
Elkhart, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | N/A | N/A | $1,660 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Elkhart, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $314,000 |
| Median Household Income | $94,700 |