Housing in 46516 Elkhart, IN is a great investment opportunity. The median value of houses in the area is $150,900, much lower than the US median value of $338,100. Additionally, the one year house appreciation in 46516 Elkhart, IN was recorded as 13.05%, which is higher than the US national rate of 8.27%. This indicates that housing prices in the area are increasing and it may be wise to invest into real estate soon before prices increase further.
The median home cost in Elkhart (zip 46516) is $150,900. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Elkhart (zip 46516) is up 16.4%.
Average Age of Homes
- The median age of Elkhart (zip 46516) real estate is 56 years old
The Rental Market in Elkhart (zip 46516)
- Renters make up 35.8% of the Elkhart (zip 46516) population
- 4.0% of houses and apartments in Elkhart (zip 46516), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.