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Elkhart County, IN

RANK #261 / 996  ·  POP 206,841  ·  IN

PROJECTED GROWTH: +1.7%

Elkhart County combines solid growth with real affordability — a rare combination.

[01] Why Elkhart County?

Elkhart County, Indiana, is widely recognized as the "RV Capital of the World," with a significant portion of North American recreational vehicles manufactured there. Located in northern Indiana, about 20 miles east of South Bend and 1.5 hours east of Chicago, the county offers a blend of small-town charm and diverse communities like Elkhart and Goshen. The area features rolling hills in its northeast, shaped by glaciers, and is home to the St. Joseph and Elkhart Rivers, providing opportunities for kayaking, canoeing, and fishing. Residents and visitors can explore numerous parks, trails like the Pumpkinvine Nature Trail, and the Wellfield Botanic Gardens. Commuting within the county is generally efficient, with an average one-way commute of 19.5 minutes, and public transportation options like the Interurban Trolley connect key areas.

Life in Elkhart County offers a family-friendly environment with a leisurely pace, attracting a mix of families and retirees. The public schools in the county are generally above average. The economy is largely driven by its prominent manufacturing sector, particularly the recreational vehicle industry, which continues to see investment and growth. Beyond RVs, the county also has a history as a center for band instrument manufacturing and has a growing tourism and hospitality industry, supported by attractions like the Quilt Gardens and various festivals.

[02] Market Snapshot

Housing Ratio
2.1x

Undervalued relative to economy

GDP Growth
+0.0%

Well below national median

Home Prices
+5.0%

Outpacing national median

Climate & Terrain
-2.7

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 2.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Elkhart County U.S. National

The Numbers

DEMOGRAPHICS
Population
206,841
+0.26% YoY
Median Household Income
$63,978
Median Home Value
$181,800
+4.97% 12mo
Median Rent
$945
Average Annual Pay
$62,117
+4.5% YoY
Employment
127,100
-3.2% YoY
Income-to-Home-Value
0.3519
More affordable than average
Migration Inflow
2.24%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$270,000
Days on Market
38
Active market
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
21.6%
Listings w/ Price Drops
23.7%
Building Permits (2024)
484
Single-Family Permits
342

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,776M
TOTAL
PROJECT AMOUNT STATUS
Takanock Goshen Data Center
Takanock
$1,500M Planned
Undisclosed Data Center Campus (The Province Group)
The Province Group (for an undisclosed tech company)
$1,000M Proposed
Elkhart County Solar Project
Savion / Elkhart County Solar Project, LLC
$100M Planned
Amazon Robotic Fulfillment Center
Amazon
$100M Operating
Elkhart Amphitheater Project
Elkhart AMP Group, Lerner Theater, City of Elkhart
$50M Under Construction
Boulder Run Subdivision (86 new homes)
Undisclosed Developer (with City of Elkhart TIF support)
$26M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.0% 8 percentile
Population Growth +0.3% 41 percentile
Income Growth +4.6% 3 percentile
Vacancy Rate 1.7% 14 percentile
Home Price Change +5.0% 89 percentile
Rent Growth +5.7% 85 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Elkhart County, IN a good place to move to?

Elkhart County has a Boom Town Index score of 74/100, ranking #261 among 996 U.S. counties. With job growth at -3.2% and a median household income of $63,978, it's an above-average county on economic indicators.

Is Elkhart County affordable?

The median home value in Elkhart County is $181,800 with median rent at $945/month. The income-to-home-value ratio is 0.3519, which is more affordable than the national average.

Is Elkhart County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: -3.2%. Home values changed +5.0% in the past 12 months.

Are people moving to Elkhart County?

Yes — 2.24% of Elkhart County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Cape Girardeau County, MO 84 Hawkins County, TN 84 St. Joseph County, IN 84 Medina County, OH 84 Barry County, MI 84 St. Joseph County, MI 84 St. Lawrence County, NY 84 Miami County, OH 84