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Area data

Elkhart, IN — ZIP 46516

Population: 31,871 (Census ACS)

The median home value in ZIP 46516 (Elkhart, IN) is $191,386 — up 4.9% over the past year. Homes sell for a median $191,000 after a median 16 days on market. Typical rent runs $1,075/month. 7 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coldwave, strongwind, tornado the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$191,386

Median home value

+4.9%

1-year change

16

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$191,386
1-year appreciation
+4.9%
3-year appreciation
+13.7%
5-year appreciation
+31.1%
10-year appreciation
+119.5%
All-time peak (2026-07)
$191,386
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$191,000
Median list price
$218,000
Median price per sqft
$132
1-year sale-price change
+9.9%
Median days on market
16 days
Homes sold (recent period)
75
For-sale inventory
91
Sale-to-list ratio
99.1%
Active listings
56
1-year forecast
+2.9%
Days to pending
37 days
New listings (monthly)
37

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,075/mo
1-year rent change
+6.9%
Studio fair-market rent
$750/mo
1BR fair-market rent
$937/mo
2BR fair-market rent
$1,156/mo
3BR fair-market rent
$1,502/mo
4BR fair-market rent
$1,734/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
7
Elementary schools
5
Middle schools
0
High schools
1
Charter schools
1
School districts serving the area
Excel Center - Elkhart, Concord Community Schools, Elkhart Community Schools
Schools include
Excel Center - Elkhart, Concord East Side Elementary Sch, Concord Ox Bow Elementary School, Mary Beck Elementary School, Riverview Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coldWave, strongWind, tornado, hail, iceStorm
Notable hazard ratings (county)
coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Moderate
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 2% of US counties
Buildings in wildfire direct-exposure zone
29.6%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
5
Nearest Superfund site
Main Street Well Field (2.3 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
53.0°F
Average high
61.0°F
Average low
44.0°F
Annual precipitation
43.7 in
Annual snowfall
29.6 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
44
Days with Good air quality
228
Days with Moderate air quality
130
Days with Unhealthy air quality
2
Highest AQI recorded (year)
193

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
33,058
Jobs reachable by transit (45 min)
28,838

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Indiana Dunes National Park (60 mi)
Airports within 30 mi
44
Nearest airport
Elkhart Municipal Airport (EKI) (4 mi)
Nearest major airport
South Bend International Airport (SBN) (19 mi)
Hospitals nearby (~15 mi)
8
Hospitals include
SAINT JOSEPH REGIONAL MEDICAL CENTER, UNITY PHYSICIANS HOSPITAL, MEDICAL BEHAVIORAL HOSPITAL - MISHAWAKA
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
4.0 / 5
EV charging stations (within 10 mi)
8
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-413 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,962
Housing built before 1970
58.1%
Housing built 2000 or later
9.6%
Median annual property tax
$1,262
Mean commute to work
19 min
Households with broadband internet
73.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
122,926
Average weekly wage
$1,156
Top industries (by employment)
Health Care, Wholesale Trade, Accommodation & Food
Annual residential building permits (county)
338

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 46516State medianUS median
Median home value$191,386$237,170$289,727
Median sale price$191,000$238,000$325,000
Median days on market16 days38 days51 days
Typical rent$1,075/mo$1,331/mo$1,808/mo
Median annual property tax$1,262$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 46516?
$191,386.
What is the median sale price in ZIP 46516?
$191,000.
How long do homes take to sell in ZIP 46516?
Median days on market: 16 days.
What is typical rent in ZIP 46516?
Typical rent: $1,075/month.
What is the natural-hazard risk in ZIP 46516?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coldWave, strongWind, tornado, hail, iceStorm.
Is ZIP 46516 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 46516?
Risk to homes is higher than 2% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 46516?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46516?
5 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Main Street Well Field, 2.3 mi.
How many schools serve ZIP 46516?
7 schools (5 elementary, 1 high) (NCES, 2022-23).
Is ZIP 46516 walkable?
Walkability index: 8.0/20 (EPA Smart Location Database).
What is the air quality in ZIP 46516?
Good. Median AQI: 44. (EPA AQI).
What is the cost of living in ZIP 46516?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

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