Elkhart-Goshen, IN · Indiana
Elkhart County
206,868 residents578 permits TTM$65,617 median HHI11 ZIP codesUpdated April 28, 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 code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 46517 | — | — | — | 5.2% | 13.5% |
| 46526 | — | — | — | 4.6% | 15.6% |
| 46550 | — | — | — | 4.2% | 13.5% |
| 46516 | — | — | — | 7.2% | 7.1% |
| 46528 | — | — | — | 4.0% | 13.5% |
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 28, 2026