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Elkhart city, IN

ZIP 46517 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46517

Median Home Value
$168,500
Median Rent
$767
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,082/mo PITI).

17%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.3 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 46517 in Elkhart city, IN, a household would need roughly $46,000 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 $1,082. That sits below the local median household income ($53,263), 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

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.4%-6% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
87.9%+1% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
35.9%-6% vs US avg
x
$168,500
Home Value
$767
Rent
1974
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 detached62.2%
  • 1-unit attached2.6%
  • 2-9 units10.5%
  • 10+ units20.7%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$168,500
Median rent$767
Owner-occupied61.4%
Vacant13.2%
Price-to-income3.2x
Est. income to buy$46,000