Elkhart-Goshen, IN · Indiana
Elkhart County
ZIP 46507
206,868 residents578 permits TTM$65,617 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$194,400
ACS 5-Year
Cap rate proxy
6.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.7%
HUD FMR ÷ ACS HHI
Net migration
+1.17%
IRS SOI
Permits (TTM)
578
Census BPS
Climate risk
83.7
FEMA NRI (0–100)
ZIP 46507
Median home value
—
Gross yield
—
Cap rate
3.8%
Rent gap
—
Affordability
P/I: 5.0R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 46516 | — | — | — | 7.0% | — |
| 46514 | — | — | — | 6.6% | — |
| 46517 | — | — | — | 5.3% | — |
| 46526 | — | — | — | 4.8% | — |
| 46550 | — | — | — | 4.3% | — |
Ranked by composite score
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Demographics
Owner-occupied
71.2%
Census ACS
Vacancy rate
10.4%
Census ACS
Bachelor's degree +
19.7%
Census ACS
Rent burdened
45.6%
Census ACS (>30% income)
Median age
35.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026