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Elkhart city, IN

ZIP 46514 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46514

Median Home Value
$170,900
Median Rent
$899
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,098/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46514 in Elkhart city, IN, a household would need roughly $47,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,098. That sits below the local median household income ($61,784), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.1%+10% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
4.3%-66% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
26.6%-46% vs US avg
x
Mortgage-Free
38.4%+1% vs US avg
x
$170,900
Home Value
$899
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.1%
  • 1-unit attached2.5%
  • 2-9 units10.3%
  • 10+ units7.2%
  • Mobile home & other10.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$170,900
Median rent$899
Owner-occupied72.1%
Vacant8.6%
Price-to-income2.8x
Est. income to buy$47,000