Elkhart, IL—62634
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elkhart, IL
As of Oct '25, the median home price in Elkhart, IL is $162,000, with a year-over-year change of 8.8%. This indicates that home prices in Elkhart, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | 8.8% |
| Single Family | $162,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elkhart, IL
Elkhart, IL 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, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elkhart, IL is 44. This is a decrease of -79.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $157,000 | -50.0% |
Listing Count | 4 | 100.0% |
| Listings as % of Homes | 0.2% | 100.0% |
Days on Market | 44 | -79.0% |
Demographics — Elkhart, IL
As of the latest ACS Survey released in 2023, Elkhart, IL has a population of 1,140, which has increased by 47.2% over the past 5 years. Elkhart, IL is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,140 | 47.2% |
% Under 18 | 25.3% | 11.5% |
% Seniors | 14.3% | -27.0% |
% WFH | 12.5% | 101.6% |
% w/ College Degree | 31.9% | 1.6% |
As of the latest ACS Survey released in 2023, Elkhart, IL is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Elkhart, IL is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.0% of the population in Elkhart, IL, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.5% | -0.4% |
% Black | 0.1% | ∞% |
% Hispanic | 2.3% | 155.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Elkhart, IL
Elkhart, IL 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, IL
Elkhart, IL 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 | $680 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,100 |
| 4 Bedroom | N/A | N/A | $1,150 |
Affordability — Elkhart, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $162,000 |
| Median Household Income | $79,700 |