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Elkhart, IA—50073

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$328,000
0.4% YoY Growth
Household Income
$94,700
50.8% YoY Growth
Days on Market
39
46.0% Longer YoY
Home Price Forecast
0.2%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elkhart, IA

As of May '26, the median home price in Elkhart, IA is $328,000, with a year-over-year change of 0.4%. This indicates that home prices in Elkhart, IA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$328,0000.4%
Single Family $328,0000.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$288,0001.4%
    3 Bed
    		$309,0000.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    6.3%
    2 Bedrooms
    11.4%
    3 Bedrooms
    63.8%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    6.1%

    Rental Trends — Elkhart, IA

    Elkhart, IA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    60.9%
    3 Bedrooms
    39.1%

    Property Listings — Elkhart, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Elkhart, IA is 39. This is a increase of 46.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,430,000182.0%
    Listing Count
    		984.0%
    Listings as % of Homes2.3%84.0%
    Days on Market
    		3946.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Elkhart, IA

    Elkhart, IA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,040
    2 BedroomN/AN/A$1,240
    3 BedroomN/AN/A$1,660
    4 BedroomN/AN/A$1,670

    Affordability — Elkhart, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$328,000
    Median Household Income$94,700

    Elkhart, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Alleman, IA

    50007

    Ankeny, IA

    50021

    Bondurant, IA

    50035

    Cambridge, IA

    50046

    Huxley, IA

    50124

    Frequently Asked Questions