Elkhart, IN home prices
Typical home $266,456 · +5.5% in a year · income needed $74,900
The Elkhart, IN metro area ranks 405 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.5% in a year and +32.0% over five years. With 20% down at 7.11%, the typical home costs about $1,748 a month including 0.82% property tax (Elkhart County rate).
Mortgage on the typical Elkhart home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $53,291 | $213,165 | $1,434 | $0 | $314 | $1,748 | $74,900 |
| 10% down | $26,646 | $239,811 | $1,613 | $100 | $314 | $2,028 | $86,900 |
| 5% down | $13,323 | $253,134 | $1,703 | $105 | $314 | $2,123 | $91,000 |
| 3.5% down (FHA) | $9,326 | $261,630 | $1,760 | $118 | $314 | $2,192 | $94,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.82% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Elkhart area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Elkhart County, IN | $266,459 | +5.5% | 0.82% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Elkhart?
The typical home in the Elkhart, IN metro area is worth $266,456 (Zillow, September 2026).
What salary do you need to buy a house in Elkhart?
About $74,900 a year for the typical home with 20% down at 7.11%.