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Elkhart County, IN

RANK #37 / 1001 NAT  ·  #3 / 28 IN  ·  POP 207,132

1YR FORECAST: +2.3%

5YR OUTLOOK: +39%

#41 Most Undervalued
Our model projects Elkhart County's housing market to grow +2.3% 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.

MARKET PROFILE

Heartland Steady Growth

Elkhart County is one of 145 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +5.4% matches the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
5.2x

Below national median (11.3x)

Home Prices
+5.4%

Outpacing national median

Climate & Terrain
-2.7

Below-average climate & terrain

Price/Rent
15x

Below national median (15x)

Housing is fairly valued at 5.2x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
207,132
+0.13% YoY
Median Household Income
$68,561
Median Home Value
$210,400
+5.42% 12mo
Median Rent
$1,047
Average Annual Pay
$65,711
+5.8% YoY
Employment
126,914
-0.1% YoY
Income-to-Home-Value
0.3259
More affordable than average
Migration Inflow
2.13%
of pop. from another state
Bachelor's Degree+
20.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$275,445
Days on Market
16
Very hot — homes selling fast
Months of Supply
1.9
Seller's market
Sale-to-List Ratio
99.2%
Near asking price
Sold Above List
34.8%
Listings w/ Price Drops
28.5%
Building Permits (2025)
777
Single-Family Permits
325

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

Population Growth +0.1% 28 percentile
Income Growth +4.5% 85 percentile
Vacancy Rate 2.1% 5 percentile
Home Price Change +5.4% 88 percentile
Rent Growth +6.4% 89 percentile
Price/Rent 15x 54 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Elkhart County ranks #37 out of 1001 U.S. counties on the Boom Town Index with a score of 96/100, placing it in the top tier nationally. Median household income is $68,561 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Elkhart County affordable?

Housing in Elkhart County is roughly in line with national affordability norms. The median home costs $210,400 and the income-to-home-value ratio sits at 0.33, with rents averaging $1,047/month. Not a bargain, but not a stretch for most local earners either.

Is Elkhart County growing or shrinking?

Population and employment in Elkhart County are both close to flat — population +0.1% YoY and jobs -0.1%. Home values shifted +5.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Elkhart County?

There's a moderate stream of newcomers. About 2.13% 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.

How is the housing market in Elkhart County?

Home values climbed +5.4% year-over-year, which is a solid pace of appreciation. The median home in Elkhart County is now valued at $210,400. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Delaware County, IN 99 Wayne County, IN 99 Vanderburgh County, IN 93 St. Joseph County, IN 90 LaPorte County, IN 89 Madison County, IN 88 Schuylkill County, PA 96 Marathon County, WI 96