Housing Affordability

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

August 2026

41.3%

Year-over-year change

+8%

Compared to 38.2% last year

Difference from state

-3%

Compared to 42.6% in Indiana

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August 2026

41.3%

Year-over-year change

+8%

Compared to 38.2% last year

Difference from state

-3%

View source and notes...

Last update: Sept. 8, 2026, 3:06 p.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

August 2026

32.5%

Year-over-year change

-17%

Compared to 39.0% last year

Difference from state

-12%

Compared to 36.9% in Indiana

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August 2026

32.5%

Year-over-year change

-17%

Compared to 39.0% last year

Difference from state

-12%

View source and notes...

Last update: Sept. 8, 2026, 2:51 p.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Demographics

Median Household Income

Adjusted to current dollars

January 2025

$62,836

Year-over-year change

+2%

Compared to $61,463 last year

Difference from state

+1%

Compared to $61,915 in Indiana

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January 2025

$62,836

Year-over-year change

+2%

Compared to $61,463 last year

Difference from state

+1%

View source and notes...

Last update: Sept. 8, 2026, 3:06 p.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars.

Market Momentum

Price

Median Monthly Payment

For median-priced home

August 2026

$2,160

Year-over-year change

+8%

Compared to $2,000 last year

Difference from state

-2%

Compared to $2,199 in Indiana

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August 2026

$2,160

Year-over-year change

+8%

Compared to $2,000 last year

Difference from state

-2%

View source and notes...

Last update: Sept. 8, 2026, 2:51 p.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Median Sale Price

3-Month Rolling Median

August 2026

$280,000

Year-over-year change

+7%

Compared to $260,850 last year

Difference from state

-2%

Compared to $285,000 in Indiana

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August 2026

$280,000

Year-over-year change

+7%

Compared to $260,850 last year

Difference from state

-2%

View source and notes...

Last update: Sept. 8, 2026, 2:51 p.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total

All properties, September 2026

1,923

+4%

Under $250K

837

-11%

At Least $250K

1,091

+20%

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All properties, September 2026

1,923

+4%

Under $250K

837

-11%

At Least $250K

1,091

View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total

All properties, September 2026

2,322

+2%

Under $250K

890

-14%

At Least $250K

1,432

+15%

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All properties, September 2026

2,322

+2%

Under $250K

890

-14%

At Least $250K

1,432

View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month

All properties, September 2026

422

+15%

Under $250K

106

-5%

At Least $250K

316

+24%

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All properties, September 2026

422

+15%

Under $250K

106

-5%

At Least $250K

316

View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None

More for Elkhart County All metrics

Inventory In Monthly Market Report New Listings In Monthly Market Report Closed Sales by Construction In Detailed Market Overview Closed Sales by Property Type In Detailed Market Overview

Housing Affordability nearby

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Home price and typical payment compared to income

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

Demographics

Median Household Income

Adjusted to current dollars

Market Momentum

Price

Median Monthly Payment

For median-priced home

Median Sale Price

3-Month Rolling Median

Sales

Closed Sales by Price

12-month rolling total

Supply

New Listings by Price

12-month rolling total

Inventory by Price

Average daily inventory in latest month

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