Best ZIP Codes for Cash Flow in Elkhart-Goshen, IN (2026)

Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.

# ZIP City Home value Rent Cap rate 5-yr growth
1 46516 Elkhart, IN $191,386 $1,075 4.38% 6.6%
2 46514 Elkhart, IN $252,508 $1,331 4.11% 6.3%
3 46517 Elkhart, IN $246,094 $933 2.96% 6.5%
4 46528 Goshen, IN $312,357 $1,173 2.93% 5.8%
5 46526 Goshen, IN $269,118 $999 2.89% 5.7%
6 46573 Wakarusa, IN $321,820 $1,116 2.70% 5.8%
7 46507 Bristol, IN $340,902 $1,098 2.51% 6.2%
8 46550 Nappanee, IN $303,397 $972 2.50% 6.2%
9 46553 New Paris, IN $312,612 $981 2.45% 6.2%
10 46540 Middlebury, IN $382,825 $1,125 2.29% 6.0%
11 46543 Millersburg, IN $426,256 $1,053 1.93% 6.2%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →

Same metro, different strategy

Appreciation in Elkhart-Goshen, IN  ·  Affordable in Elkhart-Goshen, IN

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