Sep 2026
$274K
+3.2% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Elkhart, IN housing market
Elkhart, IN metro median sale price $274K in Sep 2026, up 3.2% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Elkhart, IN metro is $274K as of Sep 2026, up 3.2% from a year earlier. That change sits near the middle of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a larger change, up 5.3% through Q2 2026, 2.1 points apart; Price reconciliation below shows both.
On median sale price, Elkhart ($274K) ranks 6th of the 12 Indiana metros Pecan Street tracks, between Fort Wayne ($277K) and South Bend ($265K). On median days on market, Elkhart (43 days) ranks 10th of the 12 Indiana metros, between Terre Haute (44 days) and Columbus (42 days). On share of listings with a price cut, Elkhart (47%) ranks 9th of the 12 Indiana metros, between Kokomo (48%) and Michigan City (43%).
Listings spent a median 43 days on market in Sep 2026, fewer than in most of the 385 metros. 47% of active listings carry a price cut, 0.9 points fewer than a year earlier. That share is higher than in most of the 385 metros.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,504 a month; at 28% of gross income, that takes about $64K a year. The median sale price equals about 14 years of HUD Fair Market Rent, a ratio down 3.0% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $160 per square foot, up 5.9% from a year earlier.
In five of the seven ZIP codes in the table below, median list prices are higher than a year earlier; two are lower.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,504/mo
$64K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Elkhart compares to other U.S. metros
| Days on market | ↓338th of 385 |
|---|---|
| Price cuts | ↑52nd of 385 (top 14%) |
| Price-to-rent | ↓281st of 373 |
| Home-price growth | 159th of 383 (top 42%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 14 -3.0% YoY ↓281st of 373 |
|---|---|
| Asking price / sq ft | $160 +5.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 47% -0.9 pts YoY ↑52nd of 385 (top 14%) |
|---|
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 7 shown of 10 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
amber · 2.1ppRedfin (metro) +3.2% | FHFA HPI · Q2 2026 +5.3% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in IN
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 46507 | $467K↓ | 36↑ | 18↑ | 14↑ | 58↓ | $341K↑ |
| 46514 | $344K↑ | 97↑ | 58↑ | 54↓ | 42↑ | $253K↑ |
| 46516 | $215K↑ | 66↑ | 30↓ | 40↑ | 46↓ | $191K↑ |
| 46517 | $305K↑ | 33↑ | 22↑ | 20↑ | 36↓ | $246K↑ |
| 46526 | $345K↑ | 58↑ | 46↑ | 16↑ | 51↑ | $269K↑ |
| 46528 | $350K↓ | 29↓ | 20↓ | 16↓ | 41↑ | $311K↑ |
| 46540 | $460K↑ | 29↑ | 10↑ | 8↓ | 42↓ | $379K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.