Rental numbers for the Elkhart, IN metro
The typical home here runs -$976 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.5%.
- Gross yield
- 5.1%
- typical home, Zillow
- Median ZIP yield
- 4.5%
- 6 ZIPs with full data
- Cash flow
- -$976/mo
- at 7.78%, 25% down
- Typical price
- $268,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,149/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
10 with published figures
| 46516Elkhart | $193,000 | $1,151 | 7.1% | 3.6% | -$455 | +7.4% |
| 46514Elkhart | $254,000 | $1,357 | 6.4% | 3.3% | -$679 | +9.3% |
| 46526Goshen | $269,000 | $1,038 | 4.6% | 1.5% | -$1,107 | n/a |
| 46517Elkhart | $247,000 | $907 | 4.4% | 1.4% | -$1,039 | n/a |
| 46507Bristol | $341,000 | $1,220* | 4.3% | 1.5% | -$1,400 | n/a |
| 46553New Paris | $311,000 | $1,090* | 4.2% | 1.4% | -$1,325 | n/a |
| 46528Goshen | $311,000 | $1,038 | 4.0% | 1.2% | -$1,371 | n/a |
| 46540Middlebury | $381,000 | $1,250* | 3.9% | 1.1% | -$1,688 | n/a |
| 46550Nappanee | $303,000 | $895 | 3.5% | 0.9% | -$1,405 | n/a |
| 46543Millersburg | $425,000 | $1,170* | 3.3% | 0.7% | -$2,052 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.7%
- Rent, 12 months
- +5.5%
- Rent minus price growth
- -0.2 pts
- Property tax
- 0.82%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $204,014 | n/a |
| Aug 2022 | $230,936 | $1,022 |
| Aug 2023 | $236,302 | $1,002 |
| Aug 2024 | $241,988 | $1,040 |
| Aug 2025 | $253,974 | $1,089 |
| Aug 2026 | $268,429 | $1,149 |
Counties
- Elkhart County, IN4.5% median yield
Tools
Questions
- Is the Elkhart, IN metro good for rental property?
- The typical home here runs -$976 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Elkhart, IN metro have the highest rental yield?
- 46516 (Elkhart) at 7.1%, 46514 (Elkhart) at 6.4%, 46526 (Goshen) at 4.6%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.