Welcome to our 46516 real estate data hub, tailored for investors in Elkhart, IN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 46516 in Elkhart, IN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ELKHART COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Elkhart, IN real estate investing. Uncover the wealth of information available, and position yourself for success in the Elkhart property market.
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Location Overview
- Zip Code: 46516
- City: Elkhart
- State: IN
- Metro Area: Elkhart-Goshen, IN
- County Name: ELKHART COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $159,745
- Average Home Price (Single Family Homes): $160,365
- Average Monthly Rental Price (All Types): $995
- Price-to-Rent Ratio: 13
- Zillow Projected % appreciation from 4/2023-4/2024: 0.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $940
- Average 3 Bedroom Section 8 Rental Rates: $1,200
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.16
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.09
- Number of Units Offered in Section 8 in the County: 1562
- Number of Occupied Units in Section 8 in the County: 1468
- Percentage of Section 8 Units Occupied in the County: 94%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 179.98
- Total % Appreciation since 2000 (Government Data): 86.76
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.85%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.61%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.31%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.91%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%