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Elkhart County, IN

Concord

RANK #1 / 996 NAT  ·  #1 / 28 IN  ·  POP 206,841

1YR FORECAST: +3.0%

5YR OUTLOOK: +50%

#29 Most Undervalued #49 Best for Investment
Our model projects Elkhart County's housing market to grow +3.0% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Thor Industries Manufacturing
    10,000+
  2. 2
    Elkhart General Hospital Healthcare
  3. 3
    Skyline Champion Corporation Manufacturing
  4. 4
    Forest River, Inc. Manufacturing
  5. 5
    Frito-Lay Manufacturing
  6. 6
    Cummins Manufacturing
  7. 7
    GE Manufacturing
  8. 8
    Kellanova Manufacturing
  9. 9
    Jayco Manufacturing
  10. 10
    Grand Design RV Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
20.0%
of residents (national avg: 33%)

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] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.6
per 100K · nat avg 6.3
Firearm Fatalities
11.5
per 100K · nat avg 14.8
Injury Deaths
66.9
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.0
Good
Good Air Days
63%
684 of 1,092 days
Unhealthy+ Days (3yr)
10
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
45
2022
43
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

Elkhart County ranks #1 out of 996 U.S. counties on the Boom Town Index with a score of 100/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 3.2% year-over-year). Median household income here is $63,978.

Is Elkhart County affordable?

By national standards, Elkhart County is quite affordable. Homes here have a median value of $181,800, and the income-to-home-value ratio of 0.35 is well above the U.S. average — especially with median rent at just $945/month. Residents can generally buy a home without being cost-burdened.

Is Elkhart County growing or shrinking?

Elkhart County's job market is contracting (-3.2% YoY) while population is roughly stable (+0.3% change). Home values are +5.0% over the past 12 months. Hiring headwinds without an offsetting exodus — residents are staying, but local employers are shedding payroll.

Are people moving to Elkhart County?

There's a moderate stream of newcomers. About 2.24% of residents moved from another state, which is above average and suggests Elkhart County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Wayne County, IN 97 Delaware County, IN 94 Kosciusko County, IN 92 Dearborn County, IN 92 Madison County, IN 91 Vanderburgh County, IN 90 Bay County, MI 100 Hinds County, MS 99