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Home appreciation in Elkhart, IN

Over the five years ending 2025, home prices in Elkhart, IN grew an average of 9.2% a year.

Price growth at a glance

1-year

+5.1%

2025 over 2024. Indiana: +5.2%.

5-year, per year

+9.2%

Average annual growth, 2020 to 2025. Indiana: +9.4%.

10-year, per year

+7.4%

+104.3% in total since 2015. Indiana: +7.2%.

How does your home compare?

Elkhart, IN home prices rose 104.3% over the ten years to 2025, while its ZIP codes ranged from +74.8% to +110.5%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Elkhart, IN compares with Indiana

The metro and its state moved almost together over that window. For five-year price growth, Elkhart, IN ranks 190th out of 409 metros nationwide and 9th out of 13 in Indiana.

Index, 2005 = 100

Elkhart-Goshen, IN and Indiana, quarterly house price index rebased to 100 in 2005.
YearElkhart-Goshen, INIndiana
2005 Q1100100
2005 Q2100101
2005 Q3102102
2005 Q4104103
2006 Q1103103
2006 Q2106102
2006 Q3105103
2006 Q4105104
2007 Q1106104
2007 Q2107105
2007 Q3106104
2007 Q4105104
2008 Q1106105
2008 Q2106104
2008 Q3104103
2008 Q4104103
2009 Q1106104
2009 Q2103103
2009 Q399101
2009 Q497101
2010 Q19799
2010 Q296100
2010 Q399101
2010 Q497101
2011 Q19498
2011 Q29398
2011 Q39499
2011 Q49599
2012 Q19498
2012 Q29498
2012 Q39499
2012 Q49699
2013 Q19599
2013 Q29599
2013 Q396100
2013 Q496100
2014 Q195100
2014 Q297101
2014 Q399102
2014 Q4100103
2015 Q1100104
2015 Q2102105
2015 Q3104106
2015 Q4104106
2016 Q1105106
2016 Q2107108
2016 Q3110110
2016 Q4109111
2017 Q1111111
2017 Q2112113
2017 Q3115115
2017 Q4117116
2018 Q1117118
2018 Q2121120
2018 Q3123122
2018 Q4124123
2019 Q1125124
2019 Q2127127
2019 Q3130129
2019 Q4130130
2020 Q1131132
2020 Q2133133
2020 Q3136136
2020 Q4139139
2021 Q1142142
2021 Q2150150
2021 Q3158158
2021 Q4163163
2022 Q1168168
2022 Q2177178
2022 Q3183182
2022 Q4182181
2023 Q1181182
2023 Q2189190
2023 Q3187192
2023 Q4189193
2024 Q1193195
2024 Q2198201
2024 Q3203204
2024 Q4204205
2025 Q1200207
2025 Q2209211
2025 Q3212213
2025 Q4216215
2026 Q1216217
2026 Q2221221

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.4% a year over ten years, +104.3% in total.

Over this history, home prices peaked in 2007, fell 11.6% to its 2011 low, and regained the 2007 level in 2016.

The strongest year was 2022 at +16.1%, and the weakest was 2010 at -4.1%.

In 2025 alone the index moved +5.1%, against +5.2% for the state.

ZIP codes in Elkhart, IN

Over the ten years to 2025, the 10 ZIP codes FHFA measures in this metro ranged from +74.8% in 46553 to +110.5% in 46516, while the metro as a whole rose 104.3%.

Fastest-rising ZIP codes

10-year change

  1. 46516+110.5%
  2. 46526+107.6%
  3. 46514+105.6%
  4. 46550+98.7%
  5. 46517+96.2%

Slowest-rising ZIP codes

10-year change

  1. 46553+74.8%
  2. 46540+79.1%
  3. 46573+90.2%
  4. 46507+91.3%
  5. 46528+95.3%
ZIP codes in Elkhart-Goshen, IN ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
46516+4.8%+9.5%+7.7%+110.5%
46526+6.2%+9.2%+7.6%+107.6%
46514+6.3%+9.0%+7.5%+105.6%
46550+4.0%+8.6%+7.1%+98.7%
46517+2.6%+8.8%+7.0%+96.2%
46528+10.2%+9.3%+6.9%+95.3%
46507+8.8%+8.6%+6.7%+91.3%
46573+6.0%+7.6%+6.6%+90.2%
46540-2.3%+6.8%+6.0%+79.1%
46553+17.0%+7.1%+5.7%+74.8%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Elkhart-Goshen, IN and Indiana, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006102.9+2.9%101.5
2007104.5+1.5%103.0
2008103.3-1.2%102.3
2009100.0-3.1%100.7
201096.0-4.1%98.7
201192.4-3.7%97.1
201292.8+0.5%97.3
201394.1+1.4%98.2
201496.4+2.4%100.0
2015101.0+4.8%103.8
2016106.4+5.3%107.3
2017112.3+5.6%111.9
2018119.5+6.4%119.0
2019126.1+5.5%125.7
2020132.9+5.4%133.1
2021150.6+13.3%151.2
2022174.9+16.1%174.6
2023183.9+5.1%186.7
2024196.4+6.8%198.3
2025206.4+5.1%208.6

The 13 measured metros in Indiana

Measured metros in Indiana ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Fort Wayne, IN+4.5%+10.8%+8.3%
2Lafayette-West Lafayette, IN+5.3%+10.3%+7.7%
3Michigan City-La Porte, IN+8.6%+10.3%+7.5%
4Kokomo, IN+6.5%+10.1%+7.4%
5Muncie, IN+6.6%+10.0%+7.2%
6South Bend-Mishawaka, IN-MI+4.9%+10.0%+7.7%
7Terre Haute, IN+7.6%+9.6%+6.6%
8Indianapolis-Carmel-Greenwood, IN+4.8%+9.3%+7.6%
9Elkhart-Goshen, IN+5.1%+9.2%+7.4%
10Columbus, IN+4.2%+8.7%+6.5%
11Lake County-Porter County-Jasper County, IN (metropolitan division)+4.3%+8.5%+6.4%
12Bloomington, IN+4.0%+8.3%+6.9%
13Evansville, IN+5.1%+8.3%+6.1%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Indiana row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2